BlockBeats News, January 13th, glassnode reported that Bitcoin's implied volatility has fallen back to a low expected range, indicating that the market's expectation of a significant volatility in the next quarter is relatively mild, and it will return to a low volatility state.
This situation reflects limited short-term hedging demand and usually suggests that once market volatility reappears, prices will readjust more quickly as positions are adjusted based on new information.
In addition, the profit-taking volume of Bitcoin long-term holders has cooled down to levels typically seen in a shallow bear market phase. This situation is usually associated with high uncertainty and often occurs in a mid-term consolidation period of a bull market or an early stage of a deeper bear market.
