Bitcoin is at a point of equilibrium, showing historically low volatility. Michael Saylor's position adds intrigue.
Lower Volatility: A Market Under Tension
In recent days, bitcoin's volatility has dropped significantly. According to Glassnode, the weekly volatility level reached 23.42%, rarely seen. These levels often precede major price movements. This situation is compounded by events that typically influence the price, such as the recent Bybit hack, yet bitcoin remains in a narrow price range.
Michael Saylor and Strategy: A Bullish Signal in Preparation?
Strategy CEO Michael Saylor recently shared a chart on platform X, which may hint at significant future bitcoin purchases. Simultaneously, a decline in open interest in bitcoin futures suggests accumulation and potential growth.
The Future of Bitcoin: Possible Scenarios
Historically low volatility sets the stage for significant price changes. If accumulation continues and institutional buying is confirmed, bitcoin may rise to $100,000. Otherwise, a correction could occur.
The bitcoin market is in a state of anticipation. Changes in volatility and actions of institutional players could trigger significant price fluctuations.
