Bitcoin volatility drops to a four month low, with US spot ETFs receiving $1.81 billion in weekly inflows

The data shows that the annualized 30 day implied volatility of Bitcoin has dropped below 40%, the lowest level since October 5th. The postponement of the discussion on the market structure bill by the US Senate Banking Committee has become the focus of attention in the cryptocurrency market this week, with some analysts warning that failure to pass the bill could trigger a crypto winter. The net inflow of US listed spot ETFs this week was $1.81 billion, the largest weekly inflow since October. Deribit executive Sidrah Fariq said that market sentiment is cautious but constructive, and it is necessary to clarify the bullish catalyst and additional positive factors to drive sustained upward breakthroughs.