BTC Ready to Break as Implied Volatility Don Reach Low
Blockchain data wey Glassnode get show say Deribit Bitcoin DVOL index — wey be measure for implied volatility — don drop reach historic low levels, mean say traders fit dey underprice risk. Bitcoin hit fresh all-time high of $124,450 less than 48 hours ago before e correct come down to about $119,000. For history, when volatility dey low before, e usually mean sharp price moves fit happen for any side, show say BTC dey ready for big breakout. Key catalysts na upcoming U.S. economic data, market-specific events, and today Trump-Putin summit for Alaska, wey fit cause sudden changes for market sentiment. Traders suppose dey watch volatility and geopolitical developments wella: if breakout be bullish, fit carry Bitcoin go back towards or even pass im ATH; if bearish, e fit cause sharp correction.
Neutral
Deribit DVOL index dey for historic low levels dey signal say volatility go soon rise sharply but e no dey show as e go go—before, times wey volatility low, e fit lead to big rallies or sharp corrections. The recent ATH for $124,450 followed by correction go $119,000 show market no sure. Plus, upcoming triggers like US economic releases and Trump-Putin summit fit make price move sudden for any side. So, even though volatility fit jump, the overall effect on price no clear, make person hold neutral stance.