Data: glassnode, 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 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 inflow has dropped to $1.17 billion per day, down about 47% from the peak in June; net inflow of US spot ETFs has also halved from the peak in July to an average of 980 BTC per day, indicating weakened institutional buying. It analyzes that in the short term, it may rebound to $114,000, but if the price falls below this level, the overall outlook remains bearish.