Bitcoin volatility drops to year lows as market awaits breakout

Bitcoin has entered a grinding sideways crawl, with daily price ranges shrinking to their tightest levels since January. This lack of movement makes clean entries nearly impossible for day traders who feast on big swings. While the quiet might feel like a relief, historical data suggests these periods of compression usually end in a violent snap. The market is essentially coiled like a spring. When the Bollinger Bands squeeze this tight, the eventual breakout rarely happens quietly. Open interest across major exchanges remains high, meaning a move in either direction will likely trigger a massive liquidation event. Bulls are eyeing a reclaim of the $65,000 level to spark a run, while bears expect a drop toward the $58,000 support zone. Traders are left staring at flat charts, waiting for the first sign of a catalyst to break the silence. Will the next spark come from the macro data prints or a sudden shift in ETF inflows?