The rolling 60-day price range for bitcoin suggests that the cryptocurrency may be on the verge of a significant burst of volatility. Historical patterns indicate that tight price ranges often precede periods of heightened volatility. While volatility is price agnostic and does not indicate whether prices will rise or fall, recent flows and bullish sentiment on exchanges suggest that market participants are anticipating a bullish outcome for bitcoin. There is a bullish bias in the market, with traders piling into call options and the net-long exposure outweighing bearish positions.



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