Key Highlights:

• Bitcoin’s price has remained stable between $91,000 and $109,000 since November 2024.
• The current volatility metrics indicate this is one of the lowest levels in recent years.
  • The realized volatility over the past two weeks is at an annualized 32%.
  • Options market indicates a reduced expectation for rapid price movements, with implied volatility below 50%.
• The Choppiness Index has reached a peak not seen since 2015, indicating a prolonged period of low volatility.

What This Means:

Historically, when Bitcoin experiences this level of consolidation, it often precedes significant price alterations; thus, a sharp movement either upwards or downwards can be anticipated soon.

This behavior urges traders to watch for either a breakout or a breakdown, with implications for future market behavior.