Source: Crypto Economy
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Cryptocurrency
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Bitcoin Volatility Stays Historically Low With Long-term Holder Supply Explaining Moves
Glassnode found long-term holder supply explains more of Bitcoin's one-month realized volatility than market capitalization, open interest, funding rates, or trading activity. More than 71% of Bitcoin supply is profitable, nearing the 74.7% historical mean that has often accompanied bear-to-bull transitions.
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Source: Crypto Economy
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