Metric loss

This key metric correlates with the biggest Bitcoin price drops

Earlier this month, Bitcoin fell to its lowest level in three months at $ 46,500 in a market-wide lightning crash that wiped out over 18% of its value within hours.

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

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