The Crypto Total Market Cap on the weekly timeframe still has low volatility, which is shown by this Mean Absolute Deviation Percentile Indicator, which is a measure of volatility. If volatility itself remains extremely low, like it still is, then that means it only has room to expand, which means that the variation in returns is higher, which means bigger moves in the upcoming future.
While volatility itself isn't directional, a big move will most likely occur soon, and you would want to bet on the side that gives you more returns, which is clearly towards the upside in the weekly timeframe.
While volatility itself isn't directional, a big move will most likely occur soon, and you would want to bet on the side that gives you more returns, which is clearly towards the upside in the weekly timeframe.