glassnode: Bitcoin is approaching a breakthrough point, with US$114,000 being the watershed of bull and bear

According to BlockBeats, on September 10, glassnode issued a market view that all Bitcoin’s short-term annualized real volatility indicators have dropped below about 30%, marking the low volatility range since the bottom of $107,000. This calm rarely continues, and volatility surges often follow. The market is approaching a breakthrough point and momentum is about to change. Market momentum can be evaluated from multiple perspectives—one of which is through capital inflows of realized profits (30-day moving average). The figure is currently $1.17 billion per day, down about 47% from the peak of $2.2 billion in June, but is still above the baseline of the bear market stage (