Bitcoin volatility will skyrocketed in the near future, predicted Glassnode.
The investors’ confidence level is much higher than in 2019-2020 and 2021.
Glassnode noted that the market is in a “unique period of equilibrium.”
Bitcoin (BTC), the world’s leading digital asset by market cap, has surpassed the $67,000 price level as of this writing and climbed as high as $67,880 in the past 24 hours. Interestingly, blockchain analysis firm Glassnode reports that BTC will become more volatile in the near future as investor confidence is currently higher than it was in the 2019-2020 and 2021 markets.
Glassnode Analyzes Bitcoin Market Trends
In an analysis titled “The Eye of the Storm,” Glassnode stated that Bitcoin is seeing $0.73B in new capital flowing into the network daily, significantly lower than the $2.97B peak seen in March. The firm says it has yet to record a second wave of capital inflow and demand surge after March, when Bitcoin hit a new all-time high of $73,750.
However, Glassnode also noted that Bitcoin’s “liveliness metric” is trending downward, meaning that market participants are hodling onto their supply and are unwilling to…
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