Bitcoin saw flash volatility into the Oct. 12 Wall Street open as United States economic data began to move markets.
A hint that inflation is not abating as quickly as the Federal Reserve might expect, PPI’s release an hour before the open saw local lows of $18,967.
“If you flip flop randomly during the range, while losing money unnecessarily, that means you have no patience.
“Bitcoin futures open interest at an all time high and realized volatility near all time lows.
Quite the combo,” William Clemente, co-founder of digital asset research and trading firm Reflexivity Research, commented.
Related: BTC price still not at ‘max pain’ — 5 things to know in Bitcoin this week The U.S. dollar index (DXY) continued its latest consolidation phase, lingering near 113.3 after failing to clear 113.5 on the day.

Source - Coin Telegraph