BTC Ranging Likely Comes to an End
Summary: There's a consensus that extended BTC ranging should end up soon. What next? Reading the charts and trying to understand.
Assets covered: Bitcoin
Metrics used: Daily Active Addresses, Mean Age, Weighted Social Sentiment, Development Activity, Percent of Active Coins, MVRV, Social Volume
It was a calm June for BTC going sideways. Basically one of the longest periods when BTC stayed in range last months.
Alts surging. Yield farming. BTC ranging:
On 26th June, $1bn+ notional BTC+ETH options will expire. By far the largest expiration ever. Calm ranging may end up roughly. Perhaps a serious volatility ahead. To which side will breakthrough likely happen? Let's see what data tells us.
🟢 Daily Active Addresses
There’s more of this Insight
Choose your subscription plan
Years of market experience, compressed in each report
Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.
Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.
Our previous TOP calls:
What you get with Sanbase Pro:
- Members-only daily market insights and analysis
- 30+ on-chain, social & project indicators for 900 cryptocurrencies
- Custom alerts for the coins' price, on-chain & social trends
- Santiment Spreadsheet plugin with 10+ pre-made market templates
- Personalized asset watchlists and weekly performance reports
Gain unfair advantage with Sanbase Pro
Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!