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The recent recovery in the on-chain metric marks a 3-week high as BTC’s utility shows signs of picking up.
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BTC
117,533.02
-1.10%
HIGH
0.563
-2.08%
689
0
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Another noteworthy thing in May is that Bitcoin’s (BTC) 30-day volatility dropped to 1.52%, which is far below the yearly average of 4% and higher.
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After rising for four successive months, Bitcoin is on track to end May with losses of about 7%.
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1INCH and HBAR will collectively see more than $120 million unlocked in the next 7 days.
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Tokenomics insights platform Token Unlocks noted that more than $850 million worth of crypto will be unlocked this week.
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Notably, OP and 1 INCH will see $618 million and $100 million unlocked respectively.
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