Bitcoin 30-day compression index hits 93.9% as price tests annual moving average

According to CryptoQuant analyst Axel Adler Jr., the Bitcoin 30-day compression index has reached an extreme level of 93.9%, marking the fourth such occurrence during the current market cycle. Over the past 20 days, Bitcoin has repeatedly tested its annual moving average without establishing a firm foothold, suggesting that volatility compression is intensifying near key resistance levels and a directional move may be imminent.