Bitcoin (BTC) Maintains Strength Compared to Overall Crypto Market Volatility as a Major Market Move May Be Imminent

On-chain data from Glassnode shows meme coins experiencing sharp declines, with TRUMP (TRUMP/USD) dropping by 33.1% and Shiba Inu (SHIBA/USD) falling by 27.9%.

Data from on-chain analytics firm Glassnode on Friday showed meme coins registering sharp declines.

TRUMP (TRUMP) fell 33.1% and Shiba Inu (SHIBA) dropped 27.9%. Other meme coins also showed losses, with Bonk (BONK) down 6.92% and Pepe (PEPE) declining 6.8%.

Solana (SOL) slipped 2.65%, while Ethereum (ETH) dropped 0.84%, outperforming both SOL and meme coins.

Bitcoin’s 1-week realized volatility dropped to 23.42%, nearing historic lows. Past instances of similar compressions (Oct 2024: 22.88%, Nov 2023: 21.35%) preceded major market moves.

BTC's 1-week options Implied Volatility (IV) is at 37.39%, among multi-year lows, suggesting the market is preparing for a volatility expansion.

However, longer-term IV remains high (3m: 53.1%, 6m: 56.25%), indicating expectations of significant price swings in the coming months.

Earlier this week, influencer Davie Satoshi advised traders to stack Bitcoin for a solid foundation, XRP for stability, PEPE for portfolio diversification and a small portion for high-risk meme coins that could potentially spike.

Coinbase CEO Brian Armstrong also commented on meme coins, highlighting their cultural impact and potential role in on-chain adoption.

Recently, Glassnode data showed meme coin futures open interest declining significantly, sparking curiosity on the sector’s upcoming trajectory.