{"id":10660,"date":"2023-03-01T16:38:14","date_gmt":"2023-03-01T16:38:14","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=10660"},"modified":"2023-03-01T16:38:15","modified_gmt":"2023-03-01T16:38:15","slug":"bitcoins-least-volatile-month-ever-btc-price-ends-february-up-0-03","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=10660","title":{"rendered":"Bitcoin\u2019s least volatile month ever? BTC price ends February up 0.03%"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) moved just 0.03% last month in United State dollar terms, making February 2023 likely its least volatile in history.\u00a0<\/p>\n<p>Data from Coinglass\u00a0after the monthly close confirms that BTC\/USD went practically nowhere for four weeks straight.<\/p>\n<h2>Bitcoin monthly candle barely leaves a trace<\/h2>\n<p>To say that Bitcoin is less volatile than it was is something of an understatement when it comes to February.<\/p>\n<p>Despite its ups and downs, mostly due to macroeconomic data, BTC price action finished the month almost exactly where it began at around $23,500.<\/p>\n<p>That means that Bitcoin was stabler\u00a0than a raft of mainstream assets, including stocks, commodities and, of course, major world currencies.<\/p>\n<p>This is no mean feat for cryptocurrency, with Bitcoin often criticized as a poor store of value owing to its sometimes intense volatility.<\/p>\n<p>Nonetheless, following January\u2019s 40% gains, bulls held down the fort to preserve every last satoshi versus the start of the month.<\/p>\n<p>More than that, according to the Coinglass figures, no month has come close to February 2023 in terms of stability, making it the least volatile month on record.<\/p>\n<p><em>Bitcoin monthly returns chart (screenshot). Source: Coinglass<\/em><\/p>\n<p>For the record, March has already changed the trend, with BTC\/USD up around 2.9% at the time of writing, as per data from Cointelegraph Markets Pro and TradingView.<\/p>\n<p><em>BTC\/USD 1-month candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>Bitcoin price volatility: All is not what it seems<\/h2>\n<p>In terms of intraday moves, meanwhile, the picture on Bitcoin currently looks decidedly different.<\/p>\n<p><em><strong>Related:\u00a0<\/strong><strong>BTC price needs to close February above 50-month trend line \u2014 Analysis<\/strong><\/em><\/p>\n<p>As Cointelegraph continues to report, exchange order books reveal a concerted effort to spark volatility from some of the largest BTC traders.<\/p>\n<p>On Binance specifically, these \u201cwhales\u201d have created a bid wall that has successfully guided spot price action in what monitoring resource Material Indicators calls \u201cmanipulated\u201d markets.<\/p>\n<p>\u201cBitcoin managed to close February with a green Monthly candle, but IMO nothing for bulls to celebrate,\u201d it wrote in one of several recent tweets on the topic.<\/p>\n<p>An accompanying chart sought to explain how whales are attempting to influence price action.<\/p>\n<p><em>BTC\/USD order book data (Binance). Source: Material Indicators\/Twitter<\/em><\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-s-least-volatile-month-ever-btc-price-ends-february-up-0-03\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) moved just 0.03% last month in United State dollar terms, making February 2023 likely its least volatile in history.\u00a0 Data from Coinglass\u00a0after the monthly close confirms that BTC\/USD went practically nowhere for four weeks straight. Bitcoin monthly candle barely leaves a trace To say that Bitcoin is less volatile than it was is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-10660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10660"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10660\/revisions"}],"predecessor-version":[{"id":10662,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10660\/revisions\/10662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/10661"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}