Bitcoin (BTC) Price's Volatility Meltdown: Crypto Daybook Americas
Bitcoin trades directionless above $90,000 as 30-day implied volatility drops to its lowest level since early November.Summary
Bitcoin (BTC) is trading directionless above $90,000, coinciding with a significant drop in its 30-day implied volatility (BVIV), which hit an annualized 45.10%, the lowest since November 10. While some altcoins like ZEC and AAVE gained significantly, the broader market shows cautious bullishness, with analysts expecting continued choppy price action due to fragile market foundations and thin liquidity.
Risk has been substantially offloaded across the market, evidenced by a major decline in cumulative open interest for BTC, ETH, SOL, and DOGE futures over the last three months. In traditional markets, gold resumed its rally amid a weakening dollar following the Fed meeting. The report also details upcoming crypto events, including Stripe enabling stablecoin payments and governance votes, alongside market movements and ETF flow data showing net outflows for both BTC and ETH spot ETFs.
(Source：CoinDesk)