According to PANews, Glassnode co-founder Negentropic has observed that the Bitcoin (BTC) futures-to-spot price ratio has dropped to its lowest point this year. This indicates extreme volatility in the market, with recent price movements marked by false breakouts and failed declines.

Currently, Bitcoin is making a critical attempt to return to the range of $97,200 to $98,500, a key price zone that many analysts consider the foundation for the $100,000 mark. However, significant fluctuations in the futures market at this level could trigger liquidations and lead to price instability.

The BTC price action is creating a tense atmosphere, where investors are carefully watching for signs of strength or weakness. Will Bitcoin break through this pivotal zone, or will it experience further volatility? 📉📈

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