Crypto trader Mikybull Crypto analyzed that the 7-day average of Bitcoin spot trading volume has fallen to its lowest level since early 2021.
Bitcoin IV is also at its lowest level for the year. In his opinion, this is a sign that the massive volatility that is coming will send BTC surging to new levels.
But analysts warn that a retracement above $25,000 is possible, with $28,300 a pressure line for Bitcoin bulls.