🌊 Ahoy, BTC enthusiasts! Get ready for some "choppy waters" ahead, as the latest Bitfinex Alpha report suggests that traders are preparing for increased volatility in the crypto market after Bitcoin's recent plunge. 📉

Last week, Bitcoin's sudden drop towards $25,000 resulted in over $1 billion in futures liquidations, leaving markets shaken. This followed an almost tranquil period, with traders seeking the next catalyst for a sharp market move. ⚡

Bitfinex's analysis of on-chain data reveals a surge in implied volatility, hinting at wilder price swings in the coming weeks. 🎢 The flatlining of historical volatility suggests traders have adjusted their strategies to this "new normal" of heightened price fluctuations. 📊

While the reasons for Bitcoin's recent crash are still up for debate, one thing is clear: stormier seas lie ahead in the crypto market. So, buckle up and hold on tight, fellow Bitcoin lovers! 🚀