Tag: WTI

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Data highlights Bitcoin’s potential path to $40K amid global economic turbulence

Robust BTC derivatives data indicates strong demand for leveraged longs. Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark.  Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving…
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Is Bitcoin’s record-low volatility and decline in short-term holders a bull market signal?

Traders believe that Bitcoin’s low volatility is a bull market signal, but their bias could be preventing them from acknowledging potentially negative macro outcomes. The latest report from Glassnode Insights, titled “The Week On-Chain,” emphasizes that Bitcoin has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset’s Bollinger…
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