Viewpoint: Bitcoin’s current stability is temporary, and it will soon experience large price fluctuations
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Odaily report: According to a research report from the decentralized crypto-based options platform Derive, the calm recovery in the market may be temporary and could lay the groundwork for a storm that triggers significant price volatility. Since March 12, has stabilized in the range of $80,000 to $85,000, and this consolidation often occurs after a significant directional change. Due to various factors, including tariffs imposed by President Donald Trump and disappointment over the lack of new purchases for the US strategic reserve, the price plummeted from $100,000 to below $80,000 in the past few weeks. With the recent consolidation, key volatility indicators have declined, approaching monthly lows. However, volatility has a mean-reverting nature, which means the low-volatility mechanism may soon pave the way for price turbulence. (CoinDesk)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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