On a 1-minute basis, it rose 2.9% from the previous day. Bitcoin volatility is also increasing sharply on futures exchanges other than spot exchanges. According to the cryptocurrency (virtual currency) media "Dicrypto," "U.S.
"With the presidential election underway, the volatility of global Bitcoin futures contracts is showing a sharp increase," the report said. "This is a quantification of the market's predicted price change in the underlying asset."
"This is an indicator that Bitcoin's price could swing strongly in either direction," he said.
On the other hand, the cryptocurrency investment sentiment is in the "Greed" stage on this day. According to alternative.me, the Crypto Greed/Fear Index for this day was 7, the same as the previous day.
The index is 0 points. The closer it is to 0, the closer investor sentiment is to extreme fear, while the closer it is to 100, the more extreme optimism there is.
According to blockchain data analysis company CryptoQuant, the net inflow of cryptocurrencies to exchanges on this day was
Withdrawal volume is lower than the average value for the past 7 days. Generally, the net deposit/withdrawal volume is the amount of coins deposited in the exchange minus the amount withdrawn. In the case of spot exchanges, the lower the value, the lower the coin's
Less selling pressure translates into reduced risk of volatility in the case of futures exchanges.
2024/11/06 11:45 KST
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