Bitcoin Volatility Metrics Drop as Traders Anticipate Market Movement
Bitcoin (BTC) remains stable above $100,000 amid ETF inflows and long-term holder selling, leading to decreased volatility metrics. The 30-day implied BTC price turbulence index fell below 40%, the lowest in nearly two years. Market maker Jimmy Yang suggests using volatility swaps for positioning as calm periods often precede increased volatility.
- Perpetuals linked to Volmex Finance's bitcoin and ether implied volatility indices launched on gTrader with rising trading volumes.
- President Trump advocates for a drop in interest rates to 1% while Federal Reserve rate cuts seem unlikely without labor market changes.
- Kazakhstan plans to establish a state crypto reserve managed by the National Bank.
- Bhutan aims for crypto-backed tourism to attract global travelers.
- Lido implemented a governance model allowing staked ether (stETH) holders to influence proposals from LDO token holders.
Market Overview
- BTC is at $107,554.22 (+0.36%)
- ETH is at $2,453.92 (+1.1%)
- CoinDesk 20 index is at 3,012.02 (+1.86%)
- Nasdaq E-mini futures rose 0.6% to new highs, signaling U.S. market strength.
Upcoming Events
- June 30: BNB Chain activates Maxwell hard fork to improve transaction speeds.
- July 1: CME Group launches spot-quoted futures for major cryptocurrencies.
- July 1: Robinhood hosts its first international crypto keynote event.
Token Events
- Lido DAO votes on Block Proposer Rewards Policy updates until June 30.
- Arbitrum DAO votes on lowering quorum threshold until July 4.
- Optimism to unlock 1.79% of its supply worth $16.65 million on June 30.
ETF Flows
- Spot BTC ETFs daily net flows: $501.2 million
- Cumulative net flows: $48.85 billion
- Spot ETH ETFs daily net flows: $77.5 million
- Cumulative net flows: $4.2 billion