Bitcoin In State of Extreme Apathy and Exhaustion, What's Next?
Let’s take a look at some of the on-chain indicators that hint at the lack of enough ammo for further upward price action. advertisement Bitcoin Sees Modest Inflows The Realized Cap stands out as a vital tool in on-chain Analysis , reflecting the total capital influx since the beginning. The size and rate of change of the Realized Cap provide valuable insights, showing that over $16 billion (+4.1%) has entered Bitcoin this year. Yet, the ascent appears gradual compared to the sharp surge witnessed in the 2021-22 upward trend. This suggests that although capital is entering, it’s happening at a relatively slow speed. Courtesy: Glassnode Bitcoin Volatility Compression Bitcoin Bollinger Bands suggest that Bitcoin volatility has collapsed to historical lows. The upper and lower Bollinger Bands are separated just by 2.9%, thus, this low volatility compression was only seen on two occasions i.e. 2016 and Jan 2023. Recommended Articles ...