Analyst: Bitcoin's low volatility signals an imminent sharp price move
- —BTC volatility has fallen for 45 days since late August, matching lows seen in May and January
- —Three similar trends over the past 12 months all ended in sudden volatility spikes
- —BTC dropped from $86,500 to $80,000 in three days, then rebounded above $83,000
- —Speculators are reopening high-leverage positions after the September 22 flush
Why it matters: Compressed volatility has historically preceded sharp moves, but direction is unclear — a risk for both sides of the market.
Source: The Cryptonomist (IT)