Bitcoin (BTC) price fluctuations have reached their lowest levels in recent years, indicating a potential major short-term move. Market analysts suggest that from late November 2024 to date, Bitcoin has been trading in a tight range between $91,000 to $109,000, showing a sharp decrease in price volatility. To examine the current situation more closely, a prominent market analyst named Checkmate has utilized the Choppiness Index. This index reveals that the Bitcoin market on a weekly timeframe has reached its highest level of stagnation and stability since 2015. In simple terms, this trading range marks one of the tightest price periods of Bitcoin in the past 9 years. According to Glassnode data, the Realized Volatility over a two-week period, which indicates the actual asset volatility in the last 14 days, has reached 32%, one of the lowest levels recorded in recent years. Additionally, the one-month Implied Volatility, reflecting market expectations of price changes in the next 4 weeks, has dropped below 50%, one of the lowest levels in recent years. Generally, when fluctuations decline for an extended period, the market becomes susceptible to a powerful move, either upwards or downwards. The longer the stabilization period and the tighter the price range, the more intense the final surge will be. Therefore, the Bitcoin market is currently in its most sensitive state since 2015. Traders and investors are eager to see if this calm before the storm will lead to a surprising upward surge or a drastic fall.
