**Bitcoin Volatility Hits Yearly Low, Potential Rally Ahead?**

Bitcoin's volatility indicator is nearing its lowest point of the year, reminiscent of levels seen before the 2023 rally, according to CryptoQuant's Axel Adler. This dip in volatility could signal a market prep for an upward trend. In April 2023, similar conditions preceded a 46% surge in Bitcoin's price.

Short-term Bitcoin inflows and outflows are significantly lower, suggesting investors are holding out for potential gains. However, Bitcoin dropped 3.22% in the past 24 hours, with increased short positions contributing to the decline.

Market analysts remain cautious, noting that while reaching six figures by year-end seems unlikely, hitting current all-time highs is still possible. Bitcoin futures open interest stands at $35.15 billion, indicating ongoing market tension.

Stay tuned for more updates as the crypto market evolves.