The continuous compression of Bitcoin’s volatility has intensified with what the Checkmate analyst refers as the “ice cream index”, a metric that measures the consolidation of lateral prices.
Coindesk’s previous research stressed that Bitcoin’s implicit volatility remains at a minimum of several years, which supports lateral consolidation in the price of Bitcoin.
This bite reflects the recent Bitcoin range behavior. During the last months, Bitcoin has negotiated between $ 110,000 and its historical maximum of $ 124,000, currently around $ 113,000.
Within a month, according to Checkonchain, the bite index has increased to 54. The last time it exceeded this level was at the beginning of November 2024, just before the electoral victory of President Trump unleashed an increase in Bitcoin to more than $ 90,000. At that point, the index reached its maximum point at 64. The previous instance was previously at the beginning of 2023, at the beginning of the current bull cycle, when the index was in 57.
This pattern suggests that there can still be space for greater consolidation, especially as volatility continues to compress.
The next main macroeconomic catalyst is the US consumer price index. UU. (CPI)Scheduled for launch at 12:30 PM UTC. This could act as a trigger for a breakup break or a directional price movement.
The February Coendesk investigation also indicated a prolonged period of which preceded the price decrease in April around $ 76,000.
