Bitcoin is in a "wait-and-see mode," which could be a good thing.
2026-10-23 16:58:48
CoinMeta data: The current price of Bitcoin is around $81,735, with fluctuations not exceeding 6% in the past month, and a 1.2% decline within a single day. Analysts point out that the market as a whole is relatively calm, with the top five cryptocurrencies not experiencing fluctuations of more than 2% in the past week, and the Fear & Greed Index reading at a neutral 47. The Jake Koch to Gallup suggests that a calm market may indicate the arrival of a bull market; similar periods of low volatility in the past have often led to price fluctuations of 30%. The Andr to Dragosch believe that the current calm period is a “constructive signal,” as long periods of sluggish trading are often followed by a few significant fluctuations. The Carlos Guzman argues that the market's lack of excitement is due to a global sentiment of “risk aversion.” There will be three catalysts in the next two weeks: the Federal Reserve’s interest rate decision on October 28th, Bitcoin options totaling $11.69 billion that expire on October 30th, and the U.S. mid-term elections on November 3rd; these events could determine the next major direction for the crypto market.
Bullish 0
Bearish 0
Source:Decrypt
This content is for market information only and does not constitute investment advice.