According to BlockBeats, on September 10, Glassnode published a market view stating that Bitcoin's short-term annualized realized volatility has dropped to around 30% or below, marking a low volatility range since bottoming at $107,000. Market momentum is approaching a breaking point, and momentum is about to shift.
Market momentum assessment can be gauged through capital inflows from realized profits, currently at $1.17 billion per day, down about 47% from the June peak of $2.2 billion. The net flow of U.S. spot ETFs also shows a similar trend, indicating weakened institutional demand.
The drop to $107,000 triggered panic selling, and Bitcoin may rebound to $114,000 in the short term, but the overall trend still leans bearish.
