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The BTC Volatility Index’s reading has been hovering around its lowest point since 2021. This index measures the implied volatility of the largest crypto asset. Simplistically, it gauges the view on volatility perceived by Bitcoin traders for the next 30 days. The current state of this metric points out that traders expect the current impassive state of affairs to prolong. Source: The Block Amid the lackluster conditions, centralized exchanges have recorded the second-lowest volume since 2021. According to a recent research report by CCData, “The combined Spot and derivatives trading volume fell 12% to $2.36 trillion. This was the second-lowest combined volume on centralized exchanges since December 2020, only eclipsed only by December 2022.” As far as the breakdown is concerned, Spot trading volumes on CEXes dropped by 10.5% to $515 billion, the second-lowest volume recorded since March 2019. Meanwhile, derivatives volumes shrunk by 12.7% to $1.85 trillio...

Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible. Bitcoin's price has been pinned below $26,300 since June 10, reflecting a 14.8% correction in two months. Meanwhile, the Nasdaq tech stock market index gained 13.6% in the same period, indicating that investors are not exactly fleeing to the safety of cash and short-term debt. In fact, the demand for United States government bonds has been declining for the past six weeks. U.S. 2-year government bond yield. Source: TradingView The yield on two-year U.S. Treasurys, for example, increased from 3.80% on May 4 to 4.68% on June 14. Lower demand for debt instruments increases payouts, resulting in a higher yield. If the investor thinks that inflation will continue above target, the tendency is for those participants to demand a higher yield when trading bonds. The U.S. Treasury is set to issue more than $850 billion in new bills between June and...