According to ChainCatcher, Bitmex Chief Growth Officer Raphael Polansky said on X that there is an interesting fact: Bitcoin has been trading within a 25% range for the past 170 days (half a year). Since July, Bitcoin's implied volatility has soared due to some major industry and macroeconomic events, including concerns about a US recession, Trump's official support for Bitcoin, yen rate hikes, and healthy ETF inflows.

However, it is now mid-August, and the trading price of Bitcoin is still stable at around $60,000.