Bitcoin volatility nears 2.5-year low as US spot ETFs see outflows

Bitcoin ’s volatility has dropped to its lowest level in 2.5 years, signaling the potential for an imminent breakout as traders monitor tightening Bollinger Bands and ongoing outflows from US spot Bitcoin and Ether exchange-traded funds (ETFs). According to financial data provider Barchart, Bitcoin’s Bollinger Band Width is now at one of its narrowest positions in over two years, based on the latest available market data. This indicator, which measures the distance between the upper and lower volatility bands around a moving average, suggests the digital asset’s price movement has contracted significantly. Historically, periods of reduced volatility have often preceded major price swings, although the indicator does not specify the potential direction of the move.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.