Bitcoin can forming lower low

CryptoQuant notes that on a macro scale, on the SOPR metric, BTC is in a zone that was previously associated with a macro bottom formation. But bottom formation implies time volatility.

It is also noted that the activity of institutional / whales is now relatively low (at a minimum of almost a year), which may indicate a reduced appetite for risk at the moment institutional

conclusion from the mentioned observations: there is a high probability that the volatility will continue and BTC may fall even lower BTC has never before gone through a period of a prolonged recession (if there is one), and this is an additional risk

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