Analysis: Crypto Market Awaits Bullish Catalyst, Bitcoin Volatility Hits Four-Month Low

According to data, Bitcoin's annualized 30-day implied volatility has fallen below 40%, reaching its lowest level since October 5th. The postponement of the market structure bill discussion by the US Senate Banking Committee has become one of the most watched focal points in the crypto market this week. Some analysts warn that if the bill fails to pass, it could trigger a crypto winter. Meanwhile, US-listed spot ETFs saw net inflows of $1.81 billion this week, marking the largest weekly inflow since October. Deribit executive Sidrah Fariq stated that current market sentiment remains cautious but constructive. A clear bullish catalyst may be needed to achieve the next stage of upward movement, and the market is awaiting a definitive catalyst and additional positive factors to achieve a sustained breakout to the upside. (CoinDesk)