Bitcoin Market Update
$BTC is trading at $68,571.13, posting a modest -0.32% move over the past 24 hours, while 1-month implied volatility (IV) sits at 51.27%, reflecting steady derivatives activity.
Price action remains locked in a tight consolidation phase as leveraged positions undergo ongoing stress tests. Despite near-term volatility, institutional conviction remains firm — with players like MicroStrategy continuing to expand their holdings.
$BTC Market strategists, including Tom Lee, suggest the broader crypto winter may be approaching its final stretch, with April highlighted as a potential inflection point.
For now, short-term sentiment leans neutral-to-cautious, with range-bound movement favored until a clear breakout or breakdown confirms the next directional move.#BTC #PEPEBrokeThroughDowntrendLine #TradeCryptosOnX
