Bitcoin Price Attempts Recovery as On-Chain Metrics Signal Bullish Outlook

The Bitcoin price has rebounded strongly from the $111k levels, currently at $113,300, marking a 0.38% surge. Meanwhile, Bitcoin is seeing one of the quietest periods in years, according to many analysts. According to CryptoQuant data, Bitcoin has entered a phase of low volatility due to a drying exchange supply, tight investor positioning, and calm derivatives markets. In terms of market sentiment, funding rates across exchanges have remained steady, with slight fluctuations. The funding rate chart indicates that Bitcoin’s price action has shown relatively smaller swings compared to the “extreme volatility” periods.