Bitcoin volatility could surge as BTC trades within the $62,300–$66,500 range

1 month ago 16

Key takeaways

Bitcoin trades around $63,500 after recording a modest decline last week.
US spot Bitcoin ETFs suffered $389.71 million in net outflows during the week.
BTC has consolidated between $62,300 and $66,500 since mid-July as trading volume and implied volatility decline.

Bitcoin (BTC) trades slightly higher at around $63,500 on Monday after posting a modest correction during the previous week.

Improving risk sentiment is supporting the mild rebound, although institutional demand remains cautious following weekly outflows from US spot Bitcoin Exchange-Traded Funds (ETFs).

Bitcoin has traded broadly sideways since mid-July, with its price confined to a narrow range and volatility falling to unusually low levels.

Analysts warn that the period of calm may be approaching an end, with a sharp move potentially determining BTC’s next short-term trend.