The #excitement, however, did not last long, as the 25% skew indicator is #currently at -8%, which is the edge of a balanced situation.

In short, if traders #anticipate a Bitcoin price drop, the skew metric will rise above 8%, and generalized #excitement has a negative 8% skew.

In a recent #edition of its weekly #newsletter released on Feb. 27, ARK hinted at its rationale, voicing #excitement at Coinbase announcing its Ethereum Layer-2 network, Base.

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

“Following the #excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space,” he #mentioned in the note, adding that:

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

a technical #roadblock watered #down the #excitement behind the short-lived initiative.

a technical #roadblock watered down the #excitement behind the short-lived initiative.

The company's partnership with leading game studio #Gamearound is also fueling #excitement, particularly with the announcement of the launch of Meta Kart Racers in Q3 2023.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

Why did Bitcoin price go down today? BTC traders brace for $23K retest #Bitcoin price gains take a hit from a rising #U.S. dollar as #excitement over the Fed's rate hike and market commentary fades.

On the other hand, generalized #excitement reflects a #negative 10% skew.

On the other hand, generalized #excitement reflects a #negative 10% skew.