“Current price action is marked by unusually low volatility, low levels of leverage and speculative activity,” Matthew Sigel, head of digital asset research at investment manager VanEck, said in an interview with CoinDesk TV. “Falling volatility has been a trend for much of the past year despite the extreme events which led to the bankruptcy of every major crypto lender.”
Source: https://www.coindesk.com/markets/2023/08/16/bitcoin-slips-to-29k-but-fundstrats-tom-lee-sees-150k-on-etf-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines