Glassnode: Bitcoin's single-day closing price increase marks the largest upward volatility since October 2023
Glassnode stated that the last time Bitcoin saw such a significant daily closing price increase was in February of this year, primarily as a rebound from the previous day's 14% drop.
This increase is not due to a technical rebound after a crash; relative to its 30-day volatility, this increase reached 5.8 standard deviations, marking the largest upward volatility since October 2023.
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