Cryptocurrency Q&A
Why do bitcoin z-score levels rise during market downturns?
Why do bitcoin z-score levels rise during market downturns?
MysticChaser
Wed Jul 17 2024
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7 answers
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Could you elaborate on the phenomenon of bitcoin's z-score levels rising during market downturns? I'm curious to understand the underlying factors that contribute to this trend. Does it indicate a safe-haven status for Bitcoin during volatile market conditions? Or is it a reflection of investors' risk-seeking behavior during downturns? How do the dynamics of bitcoin's price movements differ from traditional assets during such periods? Your insights would be invaluable in understanding this intriguing market behavior.
7 answers
Tommaso
Fri Jul 19 2024
In scenarios where the bitcoin market price experiences a rapid surge, a noteworthy phenomenon occurs.
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CryptoTitan
Fri Jul 19 2024
The all-time standard deviation of the cryptocurrency also undergoes a corresponding increase.
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CryptoAlchemy
Fri Jul 19 2024
This expansion in standard deviation has a direct impact on the displayed bands within the market analysis.
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Valentino
Thu Jul 18 2024
As the bitcoin price declines, the all-time standard deviation decreases, leading to a downward sloping of the displayed bands.
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CryptoAce
Thu Jul 18 2024
Specifically, the bands tend to slope upwards, indicating a shift in the market dynamics.
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