Following multiple days of sustained declines, Bitcoin’s realized volatility has risen sharply again. BTC could drop into the weekly imbalance between $52,985 and $59,005 before a move north. Bitcoin price recorded decent 20% pullbacks on multiple occasions during the bull market that started in 2023. Bitcoin (BTC) price has shedsome of the ground that had been covered in the past few days, amid profit taking as realized profit among BTC holders skyrockets.
Also Read: BTC stuck under $65K ahead of FOMC Bitcoin falls below $60K as market expectations for volatility skyrocket Bitcoin price has recorded a steady series of lower lows and lower highs since the second week of March, amid ongoing profit-booking from retail traders. The dump drew BTC market value closer to the weekly imbalance (Fair Value Gap or FVG) that extends from $52,985 to $59,005. This FVG represents inefficiency in the market that needs to be filled. Therefore, price tends to pull back to it. Amidst ongoing profit-booking, and effectively a decline in Bitcoin price, options traders’ toolkit Greeks.live highlights, “BTC realized profit has risen sharply again,” with all major term implied volatility indicators recording yearly highs. A sharp rise in realized volatility means there is an increased number of Bitcoin holders who are able to sell their coins at a profit compared to when they acquired the
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