glassnode: BTC is in a low volatility range, momentum is weakening and a breakthrough may be brewing

Glassnode reports that Bitcoin's short-term annualized realized volatility has fallen below 30%, signaling a market entry into a low-volatility phase, typically followed by a subsequent surge in volatility. On-chain data shows that realized profit inflows have fallen to $1.17 billion per day, a 47% drop from the June peak. Net inflows into US spot ETFs have also halved from their July peak to an average of 980 BTC per day, reflecting weakening institutional buying. The analysis suggests a short-term rebound to $114,000, but if the price falls below that level, the overall bias remains bearish. (Glassnode)