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