Expectations of volatility around Bitcoin have been rising.
Institutional investors have started taking increased long and short positions.
Bitcoin’s [BTC] recent rally has inspired hope amidst the large portion of the crypto market. However, there may be a large amount of uncertainty coming toward BTC soon.
Bumps in the road ahead
Charles Edwards, the founder of Capriole fund, noted that Bitcoin has experienced over 232 days without a 25%+ drawdown in the past 12 months. The last instance of this was over a decade ago in 2011.
This extended period of low downside volatility is atypical, as such dips typically occur every 2–3 months. Edwards also anticipated a return of volatility in the future.
It’s now been over 232 days since Bitcoin had a 25%+ drawdown in the prior 12 months. The last time this happened was more than a decade ago, in 2011!
The current low downside volatility period is NOT normal. These dips usually occur every 2-3 months.
Volatility will return. pic.twitter.c
We współpracy z: https://ambcrypto.com/bitcoin-is-volatility-on-its-way-to-the-king-coin/
