Bitcoin’s recent sell-off has caused a shift in focus to on-chain metrics, with one indicator pointing to a potentially volatile September. The realized loss momentum, a tool developed by Glassnode, is designed to detect significant market turning points. This metric, based on the activity of short-term holders, could be used to predict Bitcoin’s next move.
The indicator shows that Bitcoin could face a few weeks of volatility and is likely to remain in a sideways pattern going into autumn. This could be a sign of a potential market turning point, and traders should be aware of the risks associated with such a move.
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | None |
| Companies | None |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
