In recent weeks, Bitcoin has experienced a significant increase in price, with an approximate appreciation of 8% since its last correction. However, volatility data shows low levels of interest and sentiment indicators, a strong hold on the appetite of the derivatives market.
At first glance we see that the MVRV indicator is gaining strength in relation to the past period. Right now, it is positioned above 2 points, a fact that can be interpreted as a significant increase in the general market volume.
Another important factor to evaluate is the 30-day volatility, which is shown at average levels of 30 and 40, signifying the little interaction with the Bitcoin digital asset by the big players. This data can also be interpreted as a moment of waiting and resilience by some actors; In other words, there are still people who put their money at risk.
So far, $52k and $50k represents a highly coveted region of interest, so in the coming days we could see a price distribution in that range and driven by high liquidations.
Last article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Remember that all information presented here is a combination of third party data added to our personal opinion.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Rubikkav.
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