K33 said in a research note on Tuesday that Bitcoin and the broader digital asset market have been in a state of relatively quiet consolidation for some time. This situation is most obviously reflected in Bitcoin’s seven-day average trading volume, which 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. (Blockworks)