Bitcoin long-term investors are steadily accumulating the cryptocurrency, indicating strong demand and creating a complex market environment, according to a Bitfinex Alpha report. The two-month realized volatility is low compared to the 2021 bull market and the volatility from the COVID-19 pandemic crash. Implied volatility has also remained low, reflecting market expectations of continued low volatility. BlackRock’s positive ETF news and the impending halving event have caused a slight rise in implied volatility. However, the market’s anticipation of increased price movement and thin trading books and low liquidity may contribute to potential volatility. The recent increase in value beyond the $30,000 level has generated optimism among bitcoin investors, but a drop to $28,000 or below could be possible if there’s price rejection.

AI Sentiment: Positive