Bitcoin variability (BTC) is approaching high cycle when the trembling around the upcoming trade war and planned American cryptocurrency supplies reach Crescendo, according to the data from TradingView and Glassnode.
The data show that contradictory signals stubborn and bears that reached the peak after US President Donald Trump took office in January, sent cryptocurrency prices during dizzying.
“As the intensive Whipsaw showed in a price action, this has led to very turbulent conditions in the last two weeks against the background of an uncertain political environment,” Glassnode said in the March research note.
The average realized Bitcoin variability is approaching the high cycle. Source: Glass knot
Bitcoin variability implemented- one measure of daily price changes- “recorded one of the highest values of cycle variability, exceeding 80%” on one and two-week time frames, According to to Glassnode.
Meanwhile, the average real range of digital currency (ATR), another measure of variability, reached high cycle levels of over 4,900, compared to about 3000 at the end of February, at the end of February According to For data from Tradingview.
As at March 5, BTC dropped by almost 30% compared to December about USD 109,000, the highest price in history of cryptocurrency. Glasnode said Altcoins Ether (ETH) and Solana (SOL) fell by more than 50% discount.
ATR Bitcoin compared to the price. Source: Tradingview
Related: Bitcoin is no longer a “safe marina” because the price of 82 thousand USD leaves gold upstairs
Tariff confusion
On March 4, President Trump imposed a 25% tariff to Canada and Mexico, the largest trading partners of the United States.
Bears Messages were a bait for traders who became sanguine after Trump tilted the plans on March 2 to create an American cryptographic reserve holding tokens from BTC and ETH to XRP (XRP) and Cardano (ADA).
According to data from Google Finance in Bitcoin, he sank to around USD 82,000 after reaching about USD 93,000 on March 3. The data showed that altcoins, such as ETH and SOL, fell even more, falling by about 12% and 20%, respectively.
The sale signaled that macro factors may overpower the stubborn development of the industry, including the rejection by the American Commission of Securities and the stock exchange committees in February by several lawsuits towards cryptographic companies.
On March 4, traders from cryptocurrency derivative instruments were liquidated in the amount of over $ 1 billion as the Spot prices were noted.
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