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DADDY FX
📊 Bitcoin volatility is currently at historically low levels, but the key driver isn’t market cap — it’s who holds the coins.
Glassnode’s latest analysis shows that Long-Term Holder (LTH) supply explains more of BTC’s realized volatility than market cap, open interest, or turnover. With a large portion of supply sitting with long-term holders, fewer coins are actively circulating in the market, helping suppress day-to-day price swings.
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