K33 Research: bitcoin is currently in a state of low volatility and traders should remain cautious
Bitcoin remains in a state of low volatility, down a modest 2% this week, says K33 Research. The overall market performance is subdued as risk-averse traders have reduced yields, volatility, and trading volumes to multi-month lows, but rarely lasts for very long.Vetle Lunde, head of research at K33, pointed out that while the pro-cryptocurrency Trump administration has been good for bitcoin and the industry as a whole over the long term, short-term uncertainty has kept market activity subdued. Overall risk aversion suggests traders are prepared for downside volatility, while current moderate leverage levels mean the risk of a liquidation chain reaction is low. Traders should remain cautious until a clear directional signal emerges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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