Bitcoin's trading ranges are attracting attention amidst recent volatility due to the Bybit hack, with a focus on a potential surge to $95,000. CEO of Strategy, Michael Saylor, hints at increasing BTC exposure, suggesting that more substantial buying is possible. Trading activity has quieted down, with a drop in open interest across exchanges and a 1-week realized volatility at a low of 23.42%. This level has rarely been seen in the past four years, often preceding major market moves. Glassnode indicates that Bitcoin options implied volatility has hit historical lows, usually aligning with subsequent volatility spikes, while longer-term implied volatility remains relatively high. This scenario could set up Bitcoin for significant price movements, as traders anticipate the next trends in the market.

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