Lately, there has been a low volatility observed in the original cryptocurrency Bitcoin, which is trading around $29,000. The 90-day volatility has reached its lowest level since 2016, and the implied volatility is at 35, significantly below previous record lows. This contrasts with the past dynamics when Bitcoin often exhibited sharp price fluctuations. Analysts note market apathy and exhaustion, highlighting the narrow spread between the upper and lower Bollinger Bands, which is currently being observed.
