July Recap: BTC volatility compresses – institutions exit $10B+ BTC 30D IV → 34% (↓ from 36%) Skew flips bearish (+3% → -1.5%) ↓ ~30% chance BTC hits $100K by Sept ↓ ~35% chance ETH drops to $3K
July profit-taking: $6-8B realized, $10B OTC BTC sold, +15K BTC miner sales ETH/BTC vol gap widens to 30% as ETH narrative strengthens with new treasury players
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