Do you remember the days when the market was swinging wildly at the end of last year? Now the market is surprisingly calm.

The latest data shows that Bitcoin's implied volatility has compressed to around 23%. To put it simply, it's like winding a spring to its maximum tension—historically, every time it reaches this point, a strong rebound or crash follows. Which direction will the price move? The market is approaching a critical point where a decision must be made.

But beneath this calm surface, there are plenty of hidden currents.

From the options market perspective, traders' attitudes are clearly shifting. Previously, everyone was "buying insurance to prevent a crash," but now? Demand for call options (bullish contracts) is increasing, indicating that smart money is betting on the direction—and leaning upward. This is not a small signal.

Where is the price now? Around the average cost line for short-term holders, approximately $99,000. This line is not just a number; it’s a psychological dividing line. Once the price stabilizes here, market confidence will significantly recover.

There’s also a more direct signal—institutional funds. The outflow of Bitcoin spot ETF funds from a major exchange has begun to slow, and there are even faint signs of net inflows. Remember, once institutions start buying again, it’s a sign that the market is igniting.

So, what should you do now?

First, avoid frequent trading within this volatile range, as it’s easy to get caught out. The safest approach is: set price alerts and patiently wait for the market to signal its next move.

On the technical side, focus on two key levels: if the resistance zone around $95,000–$96,000 is broken effectively, the price could quickly surge toward $100,000; if it falls below support near $87,000, be alert for a deeper correction.

At this point, instead of guessing the market direction blindly, it’s better to ensure your position is solid. Buckle up and wait for the market to give clear signals before following—this is the most rational choice before the storm.