Bull markets and early bear markets were very volatile in the past due to FOMO and panic phases. The only bull market when similar values were achieved was the late crypto winter 2015/2016, when prices started to rise again. But as you can see in the graph, the volatility back then spiked regularly to 4 or even 5%. This is not the case in 2024 anymore, we only saw briefly 3% in the 30-day volatility in August, after the dip down into the 50k area.
I think this is a good sign, we're only one or two steps away to bring volatility down to values when Bitcoin could become more interesting as a currency or unit of account. Gold is currently at 0,5-1%. This is the value we'd like to achieve, even if probably there still will be some spikes to 2% for a long time.
We would have a volatile year if there wasn't Bitcoin ETF approval this year. At the moment, political situation doesn't look well in the world, this might be the reason why prices are so stable because people don't risk right now. We need a small help with the price and once it starts going up, it won't stop for months.
By the way, it stands strong right now. I believe it's not going down to 50K, so I'm buying and buying.
There is an old saying "never short a dull market"
A short position is always very risky. The only moment when it's good is if you manage to guess when the bubble will bust and then immediately open a short position but we are very far from the moment right now because the major bull run hasn't even started.