Crypto Market Enters Low Volatility Consolidation

The crypto market has been experiencing low volatility and consolidation in recent days, with both BTC and ETH showing a decline in market participation. According to Bitget, the current state is characterized by 'low volatility accumulation' rather than a concentrated exodus of capital.

The Fear & Greed Index remains in the greed zone, but BTC volatility is extremely low, and the funding rate is near neutral. This has led to a lack of genuine strong momentum chasing higher prices.

For BTC, the current technical structure still favors bulls overall, but the biggest problem is the lack of accompanying trading volume. The MACD histogram remains positive, indicating mid-term momentum has not turned weak, but the RSI is only about 47.9, suggesting stable prices but a lack of momentum.

For ETH, the current structure is a bit more complex, with a significant number of retail long positions. However, the position structure suggests that there is not enough capital truly willing to keep chasing higher prices, making it not suitable to go long just because of sideways consolidation.