Have you checked out Glassnode's latest report?
The volatility of $BTC has dropped to such a low level that market expectations for the next quarter are moderate, and everyone is watching and waiting. Long-term holders' profit-taking has cooled down to a shallow bearish level; personally, this feels more like a consolidation phase in the middle of a bull market. The pullbacks after those profit peaks in the chart below indicate that experienced players are also waiting for direction.
The key resistance lies between 95,000 and 97,000; a solid breakthrough is necessary—otherwise, a downward move might follow. Rong Jie believes: low volatility is a precursor to a major move, but currently, weak demand and ETF fund outflows are holding things back!
During such consolidation periods, a catalyst could trigger a rapid price adjustment. If you're afraid of missing out, come →扫码进聊天室! I analyze data daily and offer unique insights!
