Bitcoin's implied volatility has回落 to a low expected range, indicating that market expectations for significant volatility in the next quarter are relatively mild, and it will revert to a low-volatility state.
This reflects limited short-term hedging demand, and typically signals that prices will adjust more quickly once market volatility re-emerges, as positions are adjusted based on new information.
Additionally, profit-taking by long-term Bitcoin holders has cooled down to levels typically observed during shallow bear phases. This situation is often associated with high uncertainty and frequently occurs during periods of stagnation in the middle of a bull market or the early stages of a deeper bear market. #加密市场观察 $BTC
{future}(BTCUSDT)