The cryptocurrency industry has seen a decline in investment inflows into spot bitcoin-ETFs. In the first quarter of 2025, net inflows totaled about 41 000 bitcoins, down significantly from 100,000 in the same 2024 period. However, in dollar terms, due to the increase in the price of the bitcoin, the difference is not as significant: $4.8 billion in 2024 vs. $4.3 billion in 2025. The decline in volatility and trading volumes indicates a lack of interest in the market at current levels. However, the quotations are within the $91000-108000 range for quite a long time. It means that if any catalyst of movement appears on the market and the price goes beyond one of the boundaries of the range, the market will see the appearance of a catalyst of movement on the market. one of the range boundaries, there will be a pent-up supply/demand on the market from traders and investors, who are now on the market. from traders and investors who are currently waiting. В combined with closing of some positions opened within the range, it can lead to a significant increase in volatility. may lead to significant growth of quotations volatility.