BitMEX Raphael: BTC price remains stable around $60,000 despite soaring volatility

Odaily News Bitmex Chief Growth Officer Raphael Polansky said on X that there is an interesting fact: Bitcoin has been trading in a 25% range for the past 170 days (0.5 years). Since July, Bitcoin's implied volatility has soared due to some major industry and macroeconomic events, including concerns about a US recession, Trump's official support for Bitcoin, yen rate hikes, and healthy ETF inflows. However, it is now mid-August and Bitcoin is still trading steadily at around $60,000.