Experts from the analytical platform Glassnode said that the net capital inflow into Bitcoin has begun to slow down in the last few weeks. Analysts believe that this precedes a significant increase in volatility in the market.

In addition, analysts have recorded a significant increase in losses for recent Bitcoin buyers. Experts believe that they will spend the remaining unsold coins in the very near future.

The market is experiencing a significant overload of speculative interest in the first cryptocurrency, and in the near future this will lead to a change in the situation with Bitcoin and other digital assets quotes, representatives believe Glassnode:

“In both on-chain indicators and perpetual contracts, the equilibrium period is coming to an end, and the beginning of an increase in volatility and an increase in trading volume is recorded.”

Analysts noted that in the short term, the Bitcoin rate is unlikely to overcome the $70,000 mark, but the upcoming increase in volatility will allow the asset to break out of the narrow price corridor.

Earlier, Glassnode reported that since the beginning of August, they have been noting a long-term accumulation of the first cryptocurrency by investors.