Is Bitcoin’s [BTC] low recent volatility the ‘calm’ before a ‘stormy’ uptrend

ambcrypto.com:

Bitcoin [BTC] investors closely watching its performance over the last few days may have seen lower volatility towards the end of September. This may just have been a likely outcome due to uncertainty regarding how it will perform in October. This performance, in fact, may be akin to the calm before the storm, one in which case Bitcoin might be heading for a big move.

One of the key observations underpinning Bitcoin’s lower volatility includes the drop in exchange flows. Both exchange inflows and outflows dropped significantly over the last 2 weeks, with the same now close to its 4-week low.

Source: Glassnode

Bitcoin’s next move may already be in motion, despite the observed volatility drop. Exchange inflows and outflows ended September with some divergence. Exchange outflows increased slightly between 29 and 30 September, while outflows continued falling. This confirms a notable change in the amount flowing out of exchanges.

Bitcoin’s exchange balance dropped substantially during the same 2-day period. However, the exchange balance metric recorded that only about 42,902 BTC moved out of exchanges.

Source: Glassnode

The aforementioned amount in BTC was worth roughly $825.6 million at press time price levels. This seems to align with the observed weighted sentiment shift in favor of the bulls after 25 September.

Such observations may indicate that volumes are currently leaning towards the bullish side.

BTC’s supply distribution metric also revealed a huge spike in the balance of addresses holding between 100,000 and 1 million BTC. This episode occurred towards the end of the month.

Source: Santiment

Although some whales accumulated during this period, some other whale categories contributed to sell pressure. This included whales