This key metric correlates with Bitcoin’s largest price drops

Drops in the total ROI of all daily BTC transactions could be a precursor to major price dips.

At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours.

According to a report from analytics company Santiment, a spike in an often-overlooked metric preceded both this month’s crash and last year’s March sell-off and could be used to predict future price swings.

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