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Analysis: The 60-day Fluctuation range of BTC is now narrower than the current trading range.
Jinse Caijing reported that Glassnode stated that a key indicator related to the 60-day price range of BTC is sending a green light signal to volatility long positions. This means that price changes may become more extensive, with recent fund flows leaning towards bullish. Glassnode’s analysis shows that the 60-day volatility range of Bitcoin is now narrower than the current trading range. Historically, this pattern heralds volatility outbreaks.