Криптовалютный рынок ожидает волнения: аналитики предсказывают будущее биткоина и Ethereum Translation: Cryptocurrency Market Awaits Turmoil: Analysts Predict the Future of Bitcoin and Ethereum

The implied volatility of the leading cryptocurrency has dipped to its lowest point since 2023, according to analysts at XWIN Research.

A similar scenario previously preceded a price surge from $29,000 to record highs. Experts believe the blockchain data suggests a «calm before the storm.»

Bitcoin reserves on exchanges continue to decline, nearing multi-year lows, indicating a decrease in the number of coins available for immediate sales. Historically, such a decline in reserves has led to supply shortages amid a sharp increase in demand, specialists emphasized.

The MVRV ratio is currently in a neutral zone around the value of 2.1. XWIN Research noted there’s a lack of strong incentives for investors to engage in panic selling or widespread profit-taking.

Funding rates on major exchanges remain moderate, indicating that derivatives market traders are not opening high-leverage long or short positions.

CryptoQuant analyst Julio Moreno remarked on a brief spike in Bitcoin inflows to trading platforms, reaching 5,000 BTC per hour.

His colleague Axel Adler considers that the market structure has shifted in favor of bears.

In his view, the current price rebounds are merely «correction rallies» rather than the onset of a new trend.

According to Glassnode, inflows into American spot Bitcoin ETFs have slowed down following a strong start in September, with recent sessions showing slight outflows. This may indicate a pause in institutional demand.

Analysts also pointed out that long-term holders have realized an historically significant amount of profit—3.4 million BTC since the recent peak of the cycle.

On the Ethereum market, a key support level could be at $2,900. CryptoQuant analyst Burak Kesmekci noted this is the average purchase price of the second-largest cryptocurrency for «accumulation addresses.»

The total balance on such wallets has reached 27.6 million ETH. In the case of a significant correction, this level may provide substantial support for the price, according to the expert.

Additional pressure on the Ethereum market is created by the upcoming expiration of options worth $5.5 billion. The «maximum pain» point for this event is at $3,700—where holders would incur the greatest losses.

The put-to-call ratio currently stands at 0.76, indicating moderately bearish sentiment. The considerable volume suggests high trader interest and expectations of increased volatility as the expiration date approaches.

To recall, on September 23, analyst known as Mr. Anderson also noted that the volatility of digital gold had reached a historic low.