Glassnode: Bitcoin Volatility Drops to Lows, Potential Breakout Brewing

According to Glassnode data, Bitcoin's short-term annualized realized volatility has dropped below 30%, indicating the market has entered a low-volatility phase, which may precede a volatility surge. On-chain realized profit inflows have decreased to $1.17 billion per day, down approximately 47% from the June peak. Spot ETF net inflows have declined to an average of 980 BTC per day compared to the July peak, signaling weakened institutional buying. In the short term, Bitcoin may rebound to $114,000; however, if it falls below this level, the overall outlook remains bearish.