According to a Bitfinex Alpha report, long-term investors continue to accumulate Bitcoin, leading to a strong demand and creating a complex market environment. The two-month realized volatility is relatively low compared to the 2021 bull market and the volatility experienced during the COVID-19 pandemic. 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. The recent increase in value beyond the $30,000 level has generated optimism among Bitcoin investors. If Bitcoin experiences price rejection, a drop to $28,000 or below could be possible. On the other hand, clearing the $30,000 region and advancing higher could trigger stronger bullish momentum for Bitcoin.

AI Sentiment: Positive