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Expect More Volatility in Bitcoin, Retail is Most Bullish

18 Feb Expect More Volatility in Bitcoin, Retail is Most Bullish

Posted at 17:42h in Bitcoin News by

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Expect More Volatility in Bitcoin, Retail is Most Bullish - Analysts 101
Source: iStock/PeopleImages

We may have just seen the tip of the iceberg in terms of volatility to come this quarter, two new reports suggest, while leaving the door open for the possibility that lower volatility could be a new normal for the bitcoin (BTC) market.

According to the January 2020 Volatility Report from the U.S.-based crypto exchange Kraken, the bitcoin market could be headed for a period of increased volatility. The exchange’s assumption is based on a model that shows a connection between the number of bitcoin wallets with balances between BTC 10 and 100 – typically referred to as “whales” – and the volatility in the bitcoin market.

Expect More Volatility in Bitcoin, Retail is Most Bullish - Analysts 102
Number of bitcoin wallets with balances between BTC 10 and 100 (purple) and annualized volatility in the bitcoin market (light blue). Source: Kraken Intelligence

According to the report, titled A Seismic Shift?, “the number of addresses with ₿10 – ₿100 typically increases steadily before flatlining and then pulling…

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