It's been a while since we've seen such a boring market—everyone's off playing with AI now. BTC has been grinding around 70K for several days, and the 7-day volatility has hit a new low since 2026. Both longs and shorts are too lazy to make a move. But there's one data point worth noting: on-chain open interest is rising, meaning leverage is quietly piling up. Yet, the price isn't moving, which suggests both sides are building positions and waiting for a breakout. Low volatility + high leverage buildup = the calm before the storm. To put it another way: time to go big or small and get ready for the action!