Volatility Slumber: Insights From Glassnode’s On-Chain Newsletter
- Glassnode released the first edition of the Week On-Chain Newsletter to discuss the volatility slumber of and Ether.
- The platform discussed the realized volatility of both coins.
- It concluded that on-chain activity for the two majors remains extremely weak.
The on-chain market intelligence platform Glassnode published the article “A Volatility Slumber” as the first edition of its Week On-Chain Newsletter, to provide insight into the stagnant condition of crypto, especially and Bitcoin.
Mainly, the platform discussed three significant points including the “extremely low realized volatility,” “softness in on-chain activity for BTC and ETH,” and “drawdowns in the realized cap”.
Notably, Glassnode pictured the overall performance of both Bitcoin and Ethereum. After the low volatility week, the realized volatility over the last month for BTC declined to multi-year lows of 24.6%.
Specifically, the platform drew focus on the early bull market in 2012-13, and the late bear market in 2015, when the performance of BTC was quite bearish. In addition, the cases in the years 2018, 2019, and 2020 were also discussed.
The post Volatility Slumber: Insights From Glassnode’s On-Chain Newsletter appeared first on Coin Edition.