BITCOIN VOLATILITY COMPRESSION REACHES HISTORIC EXTREMES
Bitcoin has stopped moving.
BTC’s traded range has fallen into the 0.5th percentile of its entire history, with only four other periods this tight.
There hasn’t been a 3% daily close in 30 days or a 5% move in 72 days.
Meanwhile, futures open interest is piling up, implied volatility is at multi-year lows, and the 1D Choppiness Index just hit its highest reading in a year.
Something has to give.
Calm before the storm?
Bitcoin has stopped moving.
BTC’s traded range has fallen into the 0.5th percentile of its entire history, with only four other periods this tight.
There hasn’t been a 3% daily close in 30 days or a 5% move in 72 days.
Meanwhile, futures open interest is piling up, implied volatility is at multi-year lows, and the 1D Choppiness Index just hit its highest reading in a year.
Something has to give.
Calm before the storm?