Matrixport: The implied volatility of Bitcoin continues to decline, and the probability of an increase in December is reduced

Matrixport stated that the implied volatility of Bitcoin continues to decline, which in turn reduces the likelihood of a significant upward breakout by the end of the year. Today's Federal Open Market Committee meeting is the last major catalyst, but once the meeting concludes, volatility is likely to continue its downward trend until the holidays arrive.

If there are no new inflows into Bitcoin ETFs to drive directional momentum, the market may revert to a range-bound state. This outcome is typically associated with further decay in volatility. In fact, this adjustment process is already underway, with implied volatility continuously decreasing and the market gradually lowering the possibility of an unexpected upward movement by the end of December.