A key Bitcoin indicator signaling volatility on exchanges is nearing its lowest point of the year, reminiscent of levels before the 2023 rally. According to CryptoQuant's Axel Adler, the current low levels could indicate an upcoming upward trend. The exchange flow multiple values for Bitcoin are notably low, similar to observations before the 2023 rally. This suggests decreased volatility in Bitcoin exchange flows, with investors holding onto their assets in anticipation of a potential price surge. Meanwhile, analysts note increasing short positions in Bitcoin and Ethereum, leading to a decline in prices. Despite uncertainties about Bitcoin reaching six figures by year-end, returning to its all-time high remains feasible. Bitcoin's price recently experienced a 3.22% drop, trading at $63,531. It is essential for readers to conduct their own research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news