$BTC Bitcoin Volatility Compresses to Multi-Week Low, Fidelity Signals Breakout Ahead
Bitcoin has spent the last three weeks coiled inside the tightest trading range of the summer. Market data shows from August 11 through August 18, the asset closed each UTC day between 62,985 and 64,336 - a span of just 1,351, or 2.1% from low to high.
The mechanics behind the headline Low volatility in Bitcoin tends to coincide with declining futures open interest and shrinking funding rates.
Miner behavior reinforces the wait. Market data shows public miners including Marathon, Riot, and CleanSpark collectively sold 62% of July production - down from 78% in June - suggesting they are neither distressed nor aggressively accumulating.
Bitcoin has spent the last three weeks coiled inside the tightest trading range of the summer.
Watch $BTC for the next session - if this move holds, it changes the read.
$BTC #BTC #CryptoNews #CoinBatmi
Bitcoin has spent the last three weeks coiled inside the tightest trading range of the summer. Market data shows from August 11 through August 18, the asset closed each UTC day between 62,985 and 64,336 - a span of just 1,351, or 2.1% from low to high.
The mechanics behind the headline Low volatility in Bitcoin tends to coincide with declining futures open interest and shrinking funding rates.
Miner behavior reinforces the wait. Market data shows public miners including Marathon, Riot, and CleanSpark collectively sold 62% of July production - down from 78% in June - suggesting they are neither distressed nor aggressively accumulating.
Bitcoin has spent the last three weeks coiled inside the tightest trading range of the summer.
Watch $BTC for the next session - if this move holds, it changes the read.
$BTC #BTC #CryptoNews #CoinBatmi