Bitcoin Volatility Surges as Price Nears All-Time High

Bitcoin's price volatility has surged, with BTC trading 6.8% higher at $62,992 and 30-day realized volatility reaching 46%. Crypto derivatives volume has hit a record high, indicating increased risk appetite. Bitcoin miners are selling more coins amid rising prices, while Morgan Stanley is considering offering spot bitcoin ETFs to its customers, potentially opening liquidity floodgates. Additionally, trading volume on yield tokenization protocol Pendle Finance has surpassed $100 million, setting a new record.