Presently, the metric, which monitors the variation in taker purchase and taker sell volumes, is showing that traders are more eager to sell BTC rather than accumulate it at current price levels. Furthermore, it is a very useful tool for reading the derivatives order book and determining the general sentiment.
According to the data, the Bitcoin realized volatility in the 3-month time frame has dropped to 29.79%, marking its lowest since September 2023. The on-chain platform noted that the volatility profile of this cycle is notable since it has remained largely below 50%, in contrast to the previous two bull markets’ regular readings of 80–100%.
