Sharp Bitcoin price move expected as volatility hangs at record lows and sellers are ‘exhausted’ By Cointelegraph

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Sharp Bitcoin price move expected as volatility hangs at record lows and sellers are ‘exhausted’

Bitcoin’s (BTC) lack of volatility has been the dominant discussion point among traders for the past two weeks and the current sideways trading within the $18,000 to $25,000 range has been in effect for 126 days. A majority of traders agree that a significant price move is imminent, but exactly what are they basing this thesis on?

Let’s take a look at three data points that predict a spike in volatility.

Bitcoin 1-week realized volatility. Source: glassnode
Bitcoin adjusted SOPR. Source: glassnode
Bitcoin short term holder SOPR. Source: glassnode
BTC price and Bollinger Band Width Percentile. Source: Delphi Digital
Bitcoin futures open interest. Source: glassnode