According to COINOTAG News on February 19th, data from K33 Research reveals that Bitcoin remains in a phase of low volatility, experiencing a minimal decline of 2% this week. The muted market performance is attributed to risk-averse traders, resulting in volatility and trading volume plummeting to multi-month lows. It’s essential to note that periods of stagnation in the cryptocurrency space are typically not prolonged. K33 Research’s Director Vetle Lunde highlighted that the ongoing supportive atmosphere from the Trump administration towards cryptocurrency serves as a long-term positive for Bitcoin and the wider industry. Nonetheless, short-term uncertainties persist, leaving overall market activity subdued. The current risk-off sentiment indicates traders are bracing for potential downside shifts, while moderate leverage levels imply a decreased likelihood of significant liquidation events. Caution is advised until a definitive market direction materializes.
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