Bitcoin Volatility Ahead As Trading Volumes and Liquidity Decline
As of now, investors remain confused as to where is Bitcoin heading from here. On-chain data, however, shows some optimism on the charts. Checkmate, the lead on-chain analyst at Glassnode recently reported that Bitcoin’s sell-side risk ratio has touched an all-time low. advertisement This shows that investors have been reluctant to spend their Bitcoins, either in profit or loss, within the current price range. Typically, this happens when sellers get exhausted on both sides, suggesting that big moves are coming ahead. Courtesy: Glassnode Furthermore, on-chain data from Glassnode also shows that as trading volumes and liquidity decline across the crypto market, volatility is around the corner. “ With price ranges compressed, and on-chain transfers at cycle lows, $BTC is unlikely to sit still for very long,” it adds. Bitcoin Exchange Inflows Glassnode explains that major Bitcoin inflows at the exchanges are at their cyclical lo...