Bitcoin (BTC) has been down roughly 5% over the past 24 hours and remains below the key $100,000 price level — trading at $99,692.42 as of press time.
According to the recent “Bitfinex Alpha” report, BTC price risks consolidation following this correction as volatility drops.
On Jan. 27, fears about declining profitability in artificial intelligence (AI) investments triggered a sell-off in equities, which spilled over into Bitcoin. This event suggests that BTC is currently sensible to bro
Consolidation amid falling volatility
Bitcoin’s implied volatility (IV) has dropped over 13% since its Jan. 20 peak of $109,590, signaling a shift in market sentiment.
Reduced IV suggests traders perceive lower risk and are bracing for consolidation, with Bitcoin trading in a tighter range. This stabilization follows a surge in net capital inflows after Bitcoin breached the $100,000 mark, though inflows have since tapered off.
Profit-taking activity has also slowed, reducing sell-side press
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