1.13 Ice and Fire, Two Worlds

1. The current cryptocurrency market and the precious metals market are showing a typical 'ice and fire, two worlds' situation. According to the ATR volatility indicator, the daily volatility of BTC has decreased to around 2%. This volatility level is right at the bull-bear dividing line; typically, during the transition from a bull market to a bear market, there is a decline in market activity and a drop in volatility.

2. In contrast, the precious metals market, particularly silver, has seen a significant increase in volatility. Its current volatility has risen to 5%, indicating that market funds are extremely active.