The crypto market is experiencing a historically narrow 60-day price range for Bitcoin, indicating that it may be preparing for a significant move. On-chain metrics such as the Realized Supply Density and the Sell-Side Risk Ratio suggest that volatility is expected. Profit-taking activity has decreased significantly since Bitcoin reached $100,000 in December 2024. Long-term holders are accumulating again, and inflow volumes to centralized exchanges have dropped. Retail investors are showing strong accumulation behavior, indicating robust demand among smaller holders. Overall, while short-term volatility remains muted, there is robust underlying demand and signs that the market is preparing for its next move.



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