"Bitcoin (BTC), a quiet sense of tension amid calm correction... Significant volatility may arrive soon"
Summary
- Bitcoin (BTC) is reported to be showing a calmer correction trend compared to the past, despite geopolitical pressure.
- It was stated that Bitcoin investors have not exhibited panic selling or a surge in volatility in the recent correction like before.
- The anonymous analyst mentioned there is a possibility that significant volatility could emerge soon.
Currently, despite geopolitical pressure, Bitcoin (BTC) is showing a calmer trend compared to previous correction phases, but an analysis suggests that significant volatility could occur soon.
According to crypto-specialized media outlet Cointelegraph on the 17th (local time), anonymous crypto analyst Skew explained, "BTC traders are showing more restraint in the recent correction than before."
He stated, "Although BTC has dropped by about 3%, the market did not enter a state of panic," adding, "While previous 5% drops were accompanied by aggressive shorting, spot selling, spikes in volatility, and increased selling momentum and trading volume, this time such trends did not appear."
He further noted, "Although there haven't been any big moves yet, there is a possibility that volatility could expand soon."
Meanwhile, as of 01:01 on the 18th, BTC was trading at 104,244.88 USD on the Binance Tether (USDT) market, down 3% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
