Analysis: The crypto market is waiting for bullish catalysts as Bitcoin volatility drops to a four-month low

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Mars Finance reports that data shows the annualized 30-day implied volatility of Bitcoin has fallen below 40%, reaching the lowest level since October 5. The U.S. Senate Banking Committee's delay in discussing the Market Structure Bill has become one of the most watched topics in the crypto market this week. Some analysts warn that if the bill fails to pass, it could trigger a crypto winter. Meanwhile, U.S.-listed spot ETFs saw a net inflow of $1.81 billion this week, the largest weekly inflow since October. Sidrah Fariq, an executive at Deribit, stated that the current market sentiment remains cautious but constructive. A clear bullish catalyst may be needed to achieve the next phase of gains, and the market is waiting for definitive catalysts and additional positive factors to sustain a breakout.

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