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via CoinDesk · By CoinDesk Staff
Bitcoin falls to lowest Power Law valuation zone since FTX collapse
BTC
BTC/USDT
$62,426.00
-3.46%
$62,426.00
-3.46%
(24s)24h Volume
$19,552,761,414.42
24h H/L
$64,730.15 / $61,938.00
Change: $2,792.15 (4.51%)
Long/Short
68.5%
Long: 68.5%Short: 31.5%
Funding Rate
+0.0012%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(12:01 PM UTC)
1 min read
660 views
0 commentsBitcoin 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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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