Bitcoin Implied Volatility Approaches Record Lows as Strategy Indicates BTC Buy Signal

Bitcoin (BTC) is anticipated to reach $95,000 by the end of the week on February 23, as business intelligence firm Strategy is expected to make a major buy-in of BTC, according to reports. Strategy CEO Michael Saylor’s recent disclosure of the firm’s BTC holdings has also fueled speculation of increased exposure to Bitcoin. Despite the recent hack of crypto exchange Bybit, Bitcoin has managed to stabilize and minimize price fluctuations. Traders have observed a decline in open interest across exchanges, which is seen as a positive sign for a potential market reset. Onchain analytics firm Glassnode has reported that Bitcoin’s implied volatility is currently at historically low levels, indicating the potential for significant market movements. It is important to note that this article does not provide investment advice and readers should conduct their own research before making any investment decisions.