According to a ChainCatcher report, data shows that the annualized 30-day implied volatility of Bitcoin has dropped below 40%, reaching its lowest level since October 5. The U.S. Senate Banking Committee's postponement of discussions on a market structure bill has become one of the most-watched topics in the crypto market this week. Some analysts have warned that failure to pass the bill could trigger a crypto winter. Meanwhile, U.S.-listed spot ETFs saw a net inflow of $1.81 billion this week, the largest weekly inflow since October. Sidrah Fariq, an executive at Deribit, stated that the current market sentiment remains cautious yet constructive, and a clear bullish catalyst may be needed to drive the next phase of price increases. The market is now waiting for a definitive catalyst and additional positive factors to achieve a sustained breakout.
Bitcoin Volatility Hits Four-Month Low as Market Awaits Bullish Catalyst
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Summary
Bitcoin volatility has reached a four-month low, with 30-day annualized implied volatility falling below 40% as of October 5. Market volatility remains a key concern as the U.S. Senate Banking Committee delays its discussion on a market structure bill. Analysts warn that a stalled bill could lead to a crypto winter. U.S.-listed spot ETFs experienced a $1.81 billion net inflow this week, the largest since October. Deribit's Sidrah Fariq says sentiment is cautious but constructive, with a bullish catalyst likely needed for further gains.
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