Data: BTC is in a low volatility range, momentum is weakening or brewing a directional breakout

ChainCatcher news, glassnode states that the annualized actual volatility of Bitcoin in the short term has fallen below 30%, and the market has entered a low-volatility phase, which is usually followed by a surge in volatility.

On-chain data shows that realized profit inflows have dropped to $1.17 billion per day, a decrease of about 47% from the peak in June; net inflows of the US spot ETF have also halved from the peak in July to an average of 980 BTC per day, indicating weakened institutional buying. It is analyzed that the price may rebound to $114,000 in the short term, but if it falls below this level, the overall outlook remains bearish.