Bitcoin Volatility Soars Above 95%, Signaling Short-Term Uncertainty

Bitcoin’s volatility index has surged past 95% for the third time this month, signaling a period of heightened price instability and short-term uncertainty. CryptoQuant data reveals similar spikes preceding significant price movements, particularly near the $120,000 mark. This volatility comes as Bitcoin trades around the $108,000 level, encountering resistance at the $114,000 area and facing increasing bearish sentiment.