Despite Bitcoin's recent narrow consolidation below $65,000 and the 30-day implied volatility dropping to a long-term low of 36%, several industry experts have warned that low volatility does not equate to low risk. Adam Haeems, Head of Asset Management at Tesseract Group, pointed out that when volatility costs are low, traders can establish directional positions and hedging positions at lower costs. If the market breaks through key concentrated positions, market makers' hedging actions could actually accelerate price swings. Wincent Senior Director Paul Howard and Glassnode both stated that the market currently lacks strong bullish or bearish options buying activity and is overall in a wait-and-see mode. (CoinDesk) https://www.(wublock123.com)/news/news-66027