The last big move of BTC was when FTX collapsed, it was essentially a blackswan event because of how big FTX is. But since then, volatility in BTC price has been extremely low, there was a bounce to resistance zone of around 18.2K but price refused to go to new low.
The extremely low volatility and sideway action shows that there isn't much attention in this asset class, sellers stopped trying to send price lower, while big buyers have yet to step in. The situation looks a bit like the 2018 bottom, after a big drop, volatility dropped off and price recovered slowly and quietly when people have lost all hope and interest.
The extremely low volatility and sideway action shows that there isn't much attention in this asset class, sellers stopped trying to send price lower, while big buyers have yet to step in. The situation looks a bit like the 2018 bottom, after a big drop, volatility dropped off and price recovered slowly and quietly when people have lost all hope and interest.