Recent data shows that Bitcoin has been trading within a historically narrow range, which could be a sign of upcoming extreme volatility. Glassnode, an analytics firm, has calculated Bitcoin's volatility by measuring the percentage difference between its highest and lowest price points over a 30-day period.
The current 30-day range for Bitcoin is at a low value compared to its historical norm, despite recent short-term price volatility due to regulatory pressure on Binance and Coinbase. Previous instances of narrow 30-day ranges for Bitcoin have led to bursts of extreme volatility, potentially indicating a similar trend in the near future.
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