BlockBeats News, December 14th, Bitwise advisor Jeff Park stated in a post that "the current market structure is fundamentally not conducive to a substantial price increase in Bitcoin. The reason is that, on the one hand, Bitcoin OG holders are still continuously selling, while on the other hand, demand from ETFs and DAT is slowing down."At the same time, Jeff Park emphasized that for Bitcoin to break out, it must return to significantly higher levels of implied volatility in a sustained manner, especially upward volatility. In November, I mentioned "either volatility or death," and shared the first appearance of an unusual breakout signal at that time, finally seeing the volatility starting to rise again, reigniting some hope. However, unfortunately, implied volatility has been suppressed across the board again over the past two weeks. From a peak of 63% in late November, it has now fallen to 44%.

#BTC #ETF