Bitcoin volatility hits lows as open interest signals imminent move
- —BTC daily volatility at its lowest since mid-August
- —Price stuck between $80,000 and $87,000 since Sept. 18
- —Aggregate perp funding rate only slightly positive
- —Institutions marginally more long than short
Why it matters: Volatility compression alongside high open interest typically precedes a sharp move, but its direction is not yet determined.
Source: The Cryptonomist (IT)
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