Bitcoin holds at $81,993 as third straight narrow daily range squeezes price
- —Daily ranges of 1.23%, 1.96% and 1.77% over the weekend and Monday versus a 90-day median of 2.38%
- —The 50-day average at $81,481 sits 0.63% below spot; the 20-day at $83,242 is 1.52% above
- —Deribit DVOL at 37.44 points, down from 39.77 on the October 15 low
- —October high of $87,229 on October 2; October low of $79,709 on October 15
Why it matters: Compressed ranges and cheaper options point to a coiled market; a break of $81,481 or $83,242 will set the next direction.
Source: CryptoTicker