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via CoinDesk · By CoinDesk Staff
Bitcoin falls to lowest Power Law valuation zone since FTX collapse
BTC
BTC/USDT
$79,993.60
+0.57%
$79,993.60
+0.57%
(24s)24h Volume
$6,381,703,626.96
24h H/L
$80,200.00 / $79,442.00
Change: $758.00 (0.95%)
Long/Short
53.1%
Long: 53.1%Short: 46.9%
Funding Rate
-0.0005%
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…
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