Ahead of the Curve by K33

Bitcoin is barely moving. Spot volumes are near three-year lows, volatility is approaching some of the lowest levels of the decade, and Bitcoin is now less volatile than the Nasdaq.

At the same time, leverage is building. In this episode of Ahead of the Curve, we look at why prolonged stability can ultimately create instability, what historically happened when Bitcoin became less volatile than the Nasdaq, why options markets are pricing in unusually little movement, and what the latest 13F filings reveal about who actually drove the record ETF outflows in Q2.

For more research and market insights, visit k33.com/research.

For social, I’d avoid “new episode out” language and go straight to the observation, as we’ve been doing.