The Bitcoin Implied Volatility Index has dropped to its lowest level since September 2023, suggesting a potential breakout. The short-term holder realized cap drawdown is at -8%, indicating a historically bullish accumulation zone. Recent data shows that low-volatility scenarios for Bitcoin rarely last long, and the 30-day implied volatility index is currently at 40.84, below the critical threshold of 45. Historical patterns indicate that previous occurrences at this level have led to local bottoms followed by substantial upward moves. This environment suggests that Bitcoin may be evolving into a more stable asset, appealing to institutional investors. Additionally, short-term holders are showing calm confidence despite manageable losses, with increasing accumulation patterns observed in the active BTC supply. These signs indicate organized accumulation rather than panic selling, as buyers are increasingly entering the market while existing holders maintain their positions.

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