Previously, we looked at local volatility...

Now I propose to look at the situation on a much larger scale 👆

Until August 2022, the market was notorious for its volatility, even during bear markets dating back to 2016 (start of chart on BitMex).

And now we see that the current cycle since the start of the bear market is the most sluggish in the entire history of the crypt.

One could attribute this to growing capitalization and, accordingly, heavier liquidity, but it didn’t even update the ATH, although in all previous cycles it gave from 4 x on top and more.

In general, for normal work in the market, this situation needs to be gradually corrected, otherwise we will remain stuck in this boring swamp 😴