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Benzinga
Benzinga
Business
Murtuza J Merchant

INSANE: Bitcoin s all time high break means volatility could soon return report | Rare Historical Photos

Bitcoin Glassnode
A,Close-up,Image,Of,Cryptocurrency,Bitcoin,Meets,Classic,Banknotes,,Symbolizing

Bitcoin's (CRYPTO: BTC) price has remained locked in a narrow trading band for weeks before its all-time high breakout, but on-chain and market data point to growing pressure that could soon unleash sharp volatility.

According to blockchain analytics firm Glassnode, the market was coiling in a historically tight range amid strong investor accumulation and record ETF ownership, conditions that often precede large directional moves.

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