BitMEX Raphael: The BTC price is either soaring in volatility or stabilizing around $60,000

ChainCatcher message, Bitmex Chief Growth Officer Raphael Polansky stated on X that there is an interesting fact: Bitcoin has been trading within a 25% range for the past 170 days (half a year). Since July, due to several significant industry and macroeconomic events, including concerns about a U.S. economic recession, Trump's official support for Bitcoin, the yen's interest rate hike, and healthy ETF inflows, Bitcoin's implied volatility has surged.

However, now in mid-August, Bitcoin's trading price remains stable at around $60,000.