BTC hovers at $30k amid lowest historical volatility for 2023
BTC price is near the $30k mark, which bulls may be desperate to protect. Bitcoin’s historical volatility is at its lowest level in 2023. Short-term bullish target could be above $34k, while major support is near $28.2k. Bitcoin’s price remains above $30,000 on Monday, but is seeing “remarkably little volatility.” According to a key technical […]
Report: Bitcoin mining stocks – extreme volatility and underperforming Bitcoin
Key Takeaways Bitcoin mining stocks have traded with significantly more volatility than Bitcoin itself Mining stocks have underperformed, as rising energy costs and increased competition has cut into profits Miners also overleveraged during the pandemic, purchasing new equipment with debt and holding onto Bitcoin stashes as prices fell Fees on the network rose with the […]
‘hold on to it and stomach the volatility’
MicroStrategy Inc narrowed its bitcoin-related loss in the first quarter. Its executive chairman Michael Saylor remains bullish as ever on bitcoin. Bitcoin is currently up roughly 70% versus the start of the year 2023. Bitcoin has lost about 7.0% in recent weeks but Michael Saylor – the Executive Chairman of MicroStrategy Inc remains convinced as […]
Bitcoin supply is dwindling, yet volatility will be the biggest benefactor
Key Takeaways Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges This will kick up volatility in the short-term, leaving Bitcoin open to aggressive […]
Don’t be fooled by Bitcoin’s recent calm, volatility is coming: Opinion
Key Takeaways Bitcoin has been tightly range-bound for last month, its 10% fall this week its biggest move since the banking crisis Dan Ashmore, our Head of Research, warns that volatility will return before long Over 50% of stablecoins have left exchanges and orderbooks are thin, he writes, meaning there is less needed to move […]
Bitcoin price falls below $29K, no surprise given volatility and liquidity metrics
Key Takeaways Bitcoin has softened fallen from $30,000 to close to $28,000 Our head of research looks into the data, arguing the move should not be a surprise Bitcoin’s fixed supply and lack of dividends or earnings means price is entirely demand-driven Thin liquidity in the Bitcoin market exaggerates every move, with 45% of stablecoins […]
Volatility lowest since January, but until it drops further, Bitcoin serves no purpose
Bitcoin’s volatility is a massive problem, writes our head of research, Dan Ashmore The volatility is the lowest since January, but that doesn’t provide much solace with regards to Bitcoin’s actual utility For Bitcoin to deliver on its potential, it needs to become boring, with volatility closer to gold’s famously steady return profile It’s relatively calm in […]
Bitcoin price, volatility and profits are all the highest since June 2022
Key Takeaways Bitcoin has broken $30,000 for the first time since June 2022 Volatility is also at its highest point since June Liquidity is the lowest it has been all year, meaning less is needed to move Bitcoin up (and down) 45% of stablecoins have fled exchanges in last four months, with market depth has […]
Bitcoin volatility rising as $4.2 billion options set to expire Friday
Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4.2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and […]
Crypto volatility back to FTX levels, with $791 million of liquidations in 4 days as SVB collapse rocks market
Key Takeaways Crypto volatility is back up to levels last seen when FTX collapsed in November $791 million of liquidations rocked investors between Thursday and Sunday $383 million of longs were liquidated on Thursday and Friday, the largest 48-hour number of the year News that deposits will be made whole at SVB propelled the market […]