CryptoQuant analyst Axel Adler Jr. said Bitcoin’s 30-day compression metric has climbed back to an extreme 93.9%, marking the fourth time this has happened during the current bear-market phase. Over the past 20 days, Bitcoin has continued to test its annual moving average but has not managed to hold above it in a meaningful way. According to Adler, that setup shows volatility compression is intensifying near a key resistance area, leaving the market facing a near-term directional decision. The update points to a market that remains tightly compressed rather than resolved, with price still unable to establish a firm position around an important trend level. The reading does not by itself indicate which way Bitcoin will move next, but it highlights that the current range has become increasingly stretched as price keeps pressing against resistance without a confirmed breakout.
ChainCatcher reported that CryptoQuant analyst Axel Adler Jr. said Bitcoin’s 30-day compression metric has returned to an extreme zone at 93.9%, the fourth time a similar reading has appeared during the current bear-market phase.
Over the past 20 days, Bitcoin has continued to test its annual moving average but has failed to establish itself above that level effectively. Adler said this suggests volatility compression is intensifying near a key resistance area, leaving Bitcoin facing a near-term directional choice.
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