Bitcoin volatility hits 2-year lows – Is a major price move brewing?

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U.S. spot Bitcoin ETF flows recorded -$144.6 million on August 10, breaking a streak of five consecutive days of positive flows totaling $865.3 million. Bitcoin was down just over 3% from Sunday’s local high at $65,474, with the $65k-$67k zone acting as a key supply barrier for buyers. Bollinger Bands width fell to 3.8%, its lowest level in two years, signaling extreme volatility compression that typically precedes an equally violent expansion. The ADX indicator stands at 11, well below the 25 threshold indicating a strong trend, and long-term holder stress is rising without yet reaching previous cycle lows.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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