Monday's Move in Bitcoin was a Huge Outlier

The weekend move in Bitcoin extended into Monday's trading and Bitcoin ended up rising 25%. You can see how much of an outlier that was on my daily trading return vs. volatility graph:

Since then, Bitcoin has gone into another consolidation range. This morning it looked like we might get stopped out of the long trade at the open, but the market bounced and we are still long from 5285.

P.S. 12:55pm

We just closed the long position and went short at 7715. Profit on the trade was USD 12.1k Of course, all this was done automatically via stop orders. 20 minutes later the short is up USD 5k. This is crazy price action.