The Numbers of Volatility
Title: The Numbers Behind the Volatility of Bitcoin on the Holiday
MetricValueWeekly RSI27.8 (lowest since Jun/22)Maximum PriceUS$ 70.000Liquidations (4h)US$ 120 millionVolumeLow (holiday in the USA)Buying PressureStronger than Sunday (except OKX)
What happened: Thin order books allowed big players to "shake" the market, liquidating long AND short positions.
Daan Crypto Trades: "The volatility is much higher, something we are also seeing in practically all other markets."