Odaily Planet Daily News K33 said in a research report on Tuesday that Bitcoin and the broader digital asset market have been in a relatively quiet state of consolidation for some time. This situation is most obviously reflected in Bitcoin’s 7-day average On trading volume, the index has fallen to its lowest level in two and a half years. According to data from K33, there has been no significant price movement recently, causing Bitcoin’s 30-day volatility to drop to 1.69%. This is also the lowest 30-day volatility since before Bitcoin surged from $16,000 to $17,000 on January 11. K33 said, "While it is difficult to determine the exact triggers of future volatility, in addition to the debt ceiling deadline, traders should be cautious about selling volatility due to unusually calm market conditions." It is worth mentioning that Binance reintroduced trading fees slightly affects the overall situation. When analyzing trading volumes excluding Binance, the seven-day average spot trading volume in the first quarter of this year was occasionally lower. (Blockworks)