Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

Start Earning Interest
Ad: Bybit - Stake your tokens with ease and enjoy guaranteed daily yields. Stake now!

Ahead of halving, volatility metric shows Bitcoin is near recent “sell-off” levels

Bitcoin’s recent price rise is attributed to the much-awaited halving event on May 12, but one metric suggests a sell-off is due if past samples are considered.  Metric close to previous levels but not “holy grail” On-chain analytics provider Skew noted Bitcoin’s implied volatility indicator neared previous  “sell-off” zones — specific instances where certain levels […]

Ahead of halving, volatility metric shows Bitcoin is near recent “sell-off” levels

Bitcoin’s recent price rise is attributed to the much-awaited halving event on May 12, but one metric suggests a sell-off is due if past samples are considered.  Metric close to previous levels but not “holy grail” On-chain analytics provider Skew noted Bitcoin’s implied volatility indicator neared previous  “sell-off” zones — specific instances where certain levels on the proprietary indicator were followed by a decrease in Bitcoin prices early this year.  Six weeks later, bitcoin implied vol is nearly back to its pre sell-off level pic.twitter dot com/IaBHd9yWZC — skew (@skewdotcom) April 27, 2020   The mentioned levels were previously seen in early-February, 2020, when Bitcoin briefly touched the $10,000 level but began a drastic 50 percent decline — from 18 February – 22 March — soon after.

The indicator’s parameters led to sell-offs in October and November 2019, when Bitcoin went from approximately $10,000 to $8,000 and $8,800 to $7,000 respectively.  Interestingly, the same volatility levels in April 2019 were followed by an increase in Bitcoin prices, meaning the metric is not a singular indicator of drastic sell-offs.  However, Skew Analytics noted in a follow-up tweet: However, skew remains positive.

To read the rest of this article, sign in or join CryptoSlate Edge.

CryptoSlate Edge helps you understand the cryptoasset market more clearly.

We can all agree that the crypto market is fast-moving and confusing, but CryptoSlate Edge can help make sense of it for you.

Join now for $19/month Billed Annually
Pay with Crypto BTC · ETH · LTC · BCH · USDC · DAI
Enhanced news coverage
  • Exclusive articles and insights

    Get an analytical edge by accessing members-only articles with curated insights from crypto analysts around the globe.

  • Real-time charts and price snapshots

    Gain a better understanding of the market with real-time charts, price snapshots and more market data in every news article.

  • Explore the companies, products and people in our articles

    We display profiles of people, companies, products, and assets related to every Edge article so you can connect the dots.


Extensive crypto asset and sector data
  • On-chain metrics and social sentiment

    Gain a better understanding of the on-chain trends an explore social sentiment for individual crypto assets.

  • Crypto asset transaction demographics

    Understand where the majority of crypto asset transactions are taking place globally.

  • Explore innovative projects and sectors

    Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.


What else?
  • Private Telegram community

    As an Edge subscriber, you will access new articles first and engage with the community in our private Telegram channel.

  • A clean, ad-free experience

    We hide all advertisements for CryptoSlate Edge subscribers.

  • Support independent journalism

    As an independent organization in the blockchain industry, we are guided by a strict editorial policy that emphasizes objectivity and transparency in our coverage.


Join now for $19/month Billed Annually
Pay with Crypto BTC · ETH · LTC · BCH · USDC · DAI