Markets
What to know:
- Bitcoin’s choppiness index has climbed to 54 on the one-month clock-a curious height last observed just before the election-rally hullabaloo of November 2024.
- BTC pirouettes between $110,000 and $124,000, like a restless actor waiting in the wings. Will today’s 1:30 PM CPI performance cue a dramatic breakout? Stay tuned.
Imagine, if you will, a curious device named the “choppiness index,” wielded by an analyst who goes by Checkmate-perhaps a chess player moonlighting as a market-watcher. This index measures bitcoin’s vaudevillian tendency to shuffle sideways rather than dance boldly forward. 🎭
Prior CoinDesk observers have noted that bitcoin’s implied volatility has conked out at multi-year lows-much like a tired guest at a gala who refuses to stir from the punch bowl-thereby supporting the endless sideways promenade in price.
For months now, bitcoin has been stuck in a peculiar pas de deux, endlessly gliding between $110,000 and the lofty crescendo of $124,000, currently taking a modest bow near $113,000.
On the one-month stage, as the oracle checkonchain declares, the choppiness index has reached a lofty 54. This number last took a star turn in November 2024, just before President Trump’s triumphant encore sent bitcoin skyrocketing past $90,000-when the index briefly flirted with 64. Earlier still, in the embryonic days of 2023’s bullish opera, the index hit 57, as if rehearsing for this very moment.
The moral? There may yet be many acts of consolidation to endure, as volatility clutches its breath, preparing for drama.
The next scene-set by the U.S. Consumer Price Index (CPI), scheduled like clockwork at 12:30 PM UTC-promises either a breakout or yet another bout of suspenseful stasis.
And lest we forget, a February study from CoinDesk cast a shadowy premonition of this act, chronicling a stretch of suspense that ended with a price tumble, bottoming near $76,000 last April. Is history about to repeat itself, or is bitcoin merely playing coy? 🎩🐇
Read More
- Gold Rate Forecast
- Brent Oil Forecast
- Oh My Goodness! Will PENGU Balloons to a Whopping 38%? Find Out Now! 🐧💥
- CNY JPY PREDICTION
- Winners & Whiners: PUMP Tokens Soar After Pump.Fun Grabs Padre, But Not Everyone’s Happy!
- HBAR: $32 Million Hangs in the Balance! 😲
- UK Adopts a Quixotic Crypto Quandary with BoE’s Capri-cious Stablecoin Strategy
- Silver Rate Forecast
- Bitcoin’s $126K Surge Sparks Record Inflows – Here’s Why Early Investors Turn to $HYPER for Exponential Gains
- Coinbase Aims for a Billion-User Open Era
2025-09-11 14:37