According to a chart released today by Matrixport, as reported by Odaily Odaily, implied volatility continues to decline, and market expectations for another significant upward breakout in Bitcoin before the end of the year have cooled considerably.
Against this backdrop, this Federal Reserve interest rate meeting is widely regarded as the last major event window of the year. Following the meeting's outcome and with the holidays approaching, Bitcoin ETFs have lacked new net inflows, and the market is more likely to return to range-bound trading with relatively limited directional opportunities; volatility is also likely to continue to decline.
Options market pricing also confirms this: investors' bets on an unexpectedly strong rally in late December are gradually diminishing.
