Bitcoin’s Sharpest Daily Move Since October 2023 Signals Market Shift: Glassnode

BitcoinWorld Bitcoin’s Sharpest Daily Move Since October 2023 Signals Market Shift: Glassnode Bitcoin recorded its most significant daily gain in over a year, with a 5.8% move on a 30-day volatility-adjusted basis, according to data from on-chain analytics firm Glassnode.

This marks the strongest upward price action since October 2023, highlighting a notable shift in market momentum.

Context Behind the Volatility-Adjusted Metric Glassnode’s analysis uses a volatility-adjusted measure to compare daily price changes relative to recent market conditions.

This approach provides a clearer picture of whether a move is statistically significant or simply a normal fluctuation within a highly volatile asset class.