The Bitcoin exchange-flow multiple value is now at a similar low point as when BTC price rallied around 46% in 2023.
A widely watched Bitcoin (BTC) indicator that signals volatility on cryptocurrency exchanges is approaching its lowest point of the year, similar to what was seen before Bitcoin rallied in 2023.
“The current indicator levels are similarly low, which could signal that the market is preparing for the next upward trend,” CryptoQuant contributor Axel Adler claimed in a Sept. 30 analyst note.
Bitcoin short-term volatility mirrors March 2023. Source: CryptoQuant
