$BTC
Market Stability During Consolidation
Bitcoin is trading at $108,050 within a narrow range of $103K-$110K. Volatility has decreased to a 20-month low with an annualized volatility of 40. The market is testing the resistance of $110,500 while maintaining the critical support of $102K, showing unprecedented stability during this consolidation phase.
Key Factors Behind the Stability
Institutional adoption continues with $50B in spot ETFs in the U.S. and an additional $14B since April. BTC analysis reveals implied volatility at a 2-year low, while technical indicators remain bullish. The Coinbase premium and long-short ratios favor sustained buying pressure, with $108K emerging as a key technical support.