Glassnode
Bitcoin's first major move off the 2023 market bottom was followed by a meme-coin and altcoin frenzy, then falling volatility. The current market has followed the same sequence, with volatility now at lows.
The comparison is highlighted in this week's Week On-chain, which examines the parallels between the two market periods.
Frequently asked questions
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What sequence does the current Bitcoin market share with summer 2023?
In both periods, Bitcoin's first major move off the bottom came before a meme-coin and altcoin frenzy, followed by falling volatility.
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What happened to volatility after the 2023 altcoin and meme-coin frenzy?
Volatility sank after the frenzy that followed Bitcoin's first major move off the 2023 market bottom.
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How does volatility compare in the current market?
The current market has followed a similar sequence, and volatility is now at lows.
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Which assets surged after Bitcoin's first major move in 2023?
Meme coins and altcoins saw a frenzy after Bitcoin's first major move off the 2023 market bottom.
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Where are the market-cycle parallels discussed?
This week's Week On-chain examines the parallels between the current market and summer 2023.
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