Glassnode: Bitcoin's single-day closing gain marks the largest upward move since October 2023
Source:
x.com
Glassnode noted that the last time Bitcoin recorded such a significant daily closing gain was in February this year, which was mainly a rebound from the previous day's 14% decline. This rally was not a technical bounce following a crash; relative to its 30-day volatility, the current surge reached 5.8 standard deviations, marking the largest upward move since October 2023.