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💰 #BTC | CryptoQuant: Ongoing compression, third of the bullish cycle
In the daily chart of Bitcoin, the price range compression over 180 days reappears for the third time in this bullish cycle.
🔄 This pattern of three consecutive compressions was also observed in the previous cycle, just before the big rally of 2017-2018.
📊 Currently, the compression stands at 37.1%, indicating that volatility has drastically reduced... but historically, these phases have preceded explosive movements.
#CryptoQuant #compression #holders #hold 📷$BTC