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This key metric correlates with Bitcoin’s largest price drops This key metric correlates with Bitcoin’s largest price drops

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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