Community Articles
via CoinDesk · By CoinDesk Staff
Bitcoin falls to lowest Power Law valuation zone since FTX collapse
BTC
BTC/USDT
$84,046.03
-0.37%
$84,046.03
-0.37%
(24s)24h Volume
$15,098,530,191.13
24h H/L
$85,255.00 / $83,183.00
Change: $2,072.00 (2.49%)
Long/Short
58.3%
Long: 58.3%Short: 41.7%
Funding Rate
-0.0002%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:01 PM UTC)
1 min read
Bitcoin hits Power Law level low that historically precedes a rebound
The power law model shows BTC trading at one of its deepest discounts relative to trend, a level previously seen during the March 2020 crash and FTX collapse.
After briefly falling below $66,000 on Wednesday, bitcoin BTC$66,867.09 is trading near the bottom of the Power Law corridor, a level that has historically come shortly…
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments