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Bitcoin’s short-term volatility drops below 30%, and market momentum weakens

Source: Binance
According to BlockBeats, on September 10, glassnode issued a market view that Bitcoin’s short-term annualized real volatility has dropped below about 30%, marking the low volatility range since the bottom of $107,000. The momentum of the market is approaching the breakthrough point, and momentum is about to change. The market momentum assessment can pass capital inflows of realized profits, currently at $1.17 billion per day, down about 47% from the June peak of $2.2 billion. Net flows of U.S. spot ETFs also showed a similar trend, indicating weaker institutional demand. The decline to $107,000 triggered a panic sell-off, and Bitcoin may rebound to $114,000 in the near term, but the overall trend remains bearish.
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