Bitwise flags $82,000 and $77,600 as key levels for bitcoin's next move
- —Bitcoin's 30- and 60-day trading ranges narrowed to 1.8% and 3%
- —Implied options volatility is near the bottom of its three-year distribution
- —Long-term holders are net sellers, pointing to distribution
- —ETF investors are holding resistance near their $82,000 cost basis
Why it matters: Compressed volatility and distribution by long-term holders often precede a sharp move in either direction.
Source: Bitcoin Sistemi