10x Research says BTC trading volume has fallen sharply and volatility is now in one of its tightest ranges in months. Spot ETF inflows remain weak, stablecoins keep exiting crypto, and Strategy (MSTR) has been a net seller of BTC for four straight weeks.
Matters because: Compressed volatility with weak demand often breaks hard. The setup points to fading momentum and a possible directional move in either direction.