Bitcoin's continued volatility compression has intensified with what analyst Checkmate refers to as the “choppiness index,” a metric that gauges sideways price consolidation. Previous CoinDesk research has highlighted that bitcoin’s implied volatility remains at multi-year lows, which supports the sideways consolidation in bitcoin's price.

This choppiness reflects bitcoin’s recent rangebound behavior. For the past few months, bitcoin has traded between $110,000 and its all-time high of $124,000, currently hovering around $113,000.

On the one-month timeframe, according to checkonchain, the choppiness index has risen to 54. The last time it exceeded this level was in early November 2024, just before President Trump’s election victory triggered a surge in bitcoin to over $90,000. At that po

See Full Page