Glassnode Says Bitcoin’s 5.8-Sigma Jump Is Biggest Since October 2023
JH Kim
Forecast Trend Report by Period
Bitcoin has recorded an unusually sharp rally relative to its 30-day volatility.
Cointelegraph reported on August 20, citing on-chain analytics firm Glassnode, that Bitcoin’s latest daily gain reached 5.8 sigma versus its 30-day volatility.
That was the strongest one-day advance since October 2023 and amounted to a statistically rare price move.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.