📊 $BTC #CryptoQuant : Looking at the 1-hour chart of Coinbase Premium, we see that volatility has decreased, with both the upper and lower bounds moving towards zero in a triangular pattern.

During the 2021-2022 bull market, we saw a similar triangular convergence in Coinbase Premium during an extended consolidation phase. After this, the price of BTC increased significantly, reaching a new ATH.