TechFlame News: Glassnode co-founder Rafael Schultze-Kraft said that Bitcoin's (BTC) current low-volatility environment doesn't necessarily signal an investment opportunity, as the market may be forming a "vol value trap." Schultze-Kraft noted that BTC's implied volatility is currently sitting in the lowest 2% range of its historical distribution, yet the volatility priced into the options market remains roughly 1.5 times higher than actual realized market volatility. He highlighted that Glassnode's "vol value trap score" currently stands at 91/100, the highest level in over 3.5 years. Schultze-Kraft believes that while the market appears to be in an extremely low-volatility state on the surface, options pricing hasn't fully reflected actual price movements, meaning investors may be paying a hefty volatility premium. The indicator suggests the market is undergoing a rare phase of volatility compression. Historically, similar extreme low-volatility environments have often set the stage for a subsequent volatility expansion, though the direction ultimately hinges on capital flows, the macroeconomic backdrop, and market catalysts.