According to Coindesk, Bitcoin's 30 day implied volatility fell to a long-term bottom of 36%, and the price fluctuated below $65000. Adam Haeems, Head of Asset Management at Tesseract Group, stated that in low volatility environments, traders have lower costs of establishing positions. If the market breaks through the concentration level of holdings, hedging operations will accelerate the trend. Adam Haeems reminds that low volatility does not mean low risk, and caution should be exercised when using leverage, especially when trading volume and market depth are low.
