The market has been unusually quiet lately. Bitcoin's 30-day implied volatility has dropped to 40%, the lowest level since October last year. Did you know? This kind of silence often precedes a major move.

Last night, as expected, Bitcoin broke through $96,000, and Ethereum surged past $3,300, with 24-hour gains of 4.4% and 7.4% respectively. This is not just small fluctuations; it’s a sign that the direction has been set.

From the trading data, such low implied volatility sustained for so long indicates that large funds are waiting for a clear signal. Now that this signal has appeared, the subsequent trading space should gradually open up. At least from a technical perspective, this breakout carries a relatively positive implication.