Bitcoin's price has stabilized amid a backdrop of low trading volatility, even following a significant hack of the Bybit exchange. As of the February 23 weekly close, Bitcoin was eyeing a price target of $95,000, bolstered by bullish signals from the business intelligence firm Strategy, led by CEO Michael Saylor. Despite recent volatility, Bitcoin’s price remained consistent, exhibiting a compression trend, as noted by trader Daan Crypto Trades. He highlighted that recent market conditions suggest a potential reset, especially with the observed decline in open interest across exchanges. Saylor indicated that Strategy is considering increasing its Bitcoin holdings, following the firm’s existing investments. Onchain analytics firm Glassnode reported that Bitcoin's one-week realized volatility has fallen to around 23.42%, indicating a trend similar to previous instances that preceded significant market movements. Glassnode also noted that while implied volatility has diminished, longer-term metrics remain elevated. The article emphasizes that all trading and investment actions carry risk and encourages readers to conduct their own research.

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