As long as the Fund Market Volume is negligible, the state of local decline (instability) will persist.

As-long-as-the-Fund-Market-Volume-is-negligible-the-state-of-local-decline-insta

As of 19 September 2022, 16:38 UTC+2, Bitcoin is trading at $19,365 with a daily low of $18,271.

Looking at the Fund Market Volume of GBTC, you can see almost no interest among corporate (institutional) players. In such situations, Bitcoin is prone to fall (continue to fall) or is in a distribution phase. GBTC is the leading player in the Bitcoin market among similar institutions.

Conversely, when the volumes are sufficient on their own or have some uptrend [highlighted in purple], Bitcoin tends to increase almost parabolic or at least have a range increase (bull bounce).