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Bitcoin volatility falls to a two-year low, price range may expand.
On August 14, a data analyst published an article stating that "According to the 30-day high-low price indicator, Bitcoin volatility has compressed to its lowest level in two years: the range between the highest and lowest prices within 30 days has narrowed, and the range formed by the rolling high/low prices has squeezed the price within it. This compression usually reflects a balance of supply and demand and low realized volatility, which occurs when liquidity is concentrated at local highs (above $120,000) and lows (below $113,000). The possibility of price range expansion is increasing."