Bitcoin’s February 2023: The Month of Incredibly Low Volatility

Bitcoin’s Record Low Volatility

In a month that felt like a snooze fest for crypto enthusiasts, Bitcoin (BTC) managed to perform an impressive disappearing act. With a movement of just 0.03% in United States dollar terms, February 2023 is officially the least volatile month in Bitcoin’s gripping saga. This is quite the twist, considering our dear BTC usually has more mood swings than a soap opera star.

A Month of Gentle Waves

Despite the usual rollercoaster of emotions that comes with crypto trading, February saw Bitcoin’s price action conclude almost at its starting point, resting at around $23,500. While it’s easy to catch the FOMO bug with Bitcoin’s notorious fluctuations, this month was almost comically stable. In fact, Bitcoin was like a well-behaved puppy compared to its rambunctious counterparts in stocks, commodities, and currencies.

Bulls Hold the Fort: A Testament to Stability

After January’s exhilarating 40% gains, one would expect the bulls to allow Bitcoin to run wild in February. However, they opted for a cautious approach, holding on to every precious satoshi. “It’s not about how you start, but how you finish,” said no one ever in the crypto world, but this month begged to differ.

Emerging Trends: March Madness?

If you thought February was dull, buckle up for March! As of this writing, Bitcoin has already kicked up its hooves with a gain of around 2.9%. Perhaps the bulls are warming up for another round of volatility?

Whales and Market Manipulation

However, all is not as tranquil as it appears. According to reports, some of the biggest players in the game—whales—are trying to stir the pot. With the creation of a substantial bid wall on platforms like Binance, they may be playing with Bitcoin like it’s one of those carnival games where you try to knock over the bottles. Many analysts are whispering the words “manipulated markets,” which brings a delightful layer of intrigue to our cryptocurrency tale.

“Bitcoin managed to close February with a green Monthly candle, but IMO nothing for bulls to celebrate,” noted an expert, highlighting that a well-whispered commentary often accompanies such market moves.