The upcoming summer season is expected to be a relatively quiet period for Bitcoin, with trading volatility plummeting, according to QCP Capital's latest report. This means that cryptocurrency traders can anticipate a more subdued trading environment, with less dramatic price movements. The market is still recovering from recent highs and lows, leaving traders in a state of uncertainty, trying to determine the next big move.

However, Ethereum is expected to buck this trend. Options data shows significantly higher implied volatility for Ethereum compared to Bitcoin, indicating that Ethereum could experience a relative surge in trading activity. QCP Capital advises traders to consider accumulation strategies for Ethereum, particularly in preparation for what they term "the long, quiet summer." This approach could be beneficial if the market maintains its predicted low volatility.

The speculation surrounding the approval of an Ethereum spot ETF is generating significant interest, with traders eyeing the S-1 Form approval that could bring more action to Ethereum's market. Ethereum's implied volatility currently stands at a 10 vol premium to Bitcoin, which QCP analysts expect to narrow as the market begins to price in the anticipated US spot ETF approval. This suggests that while the summer might be quieter, there could still be critical developments that could influence market dynamics in the latter part of the season.

In recent market performance, both Bitcoin and Ethereum have shown noticeable declines. After a bullish phase spurred by the US SEC's approval of spot Ethereum ETFs last month, cryptocurrencies have closely mirrored each other in market downturns. Over the past week, Ethereum has seen a significant 8.5% decline, with a 1.4% drop in just the past 24 hours. Similarly, Bitcoin has experienced a 1.4% decrease today, continuing a week-long downtrend that brought its price below $66,000.

In light of these fluctuations, Bitcoin maximalist Samson Mow has made intriguing predictions about potential market movements. According to Mow, the likelihood of Bitcoin experiencing a significant price surge—or what he refers to as an "Omega candle"—is increasing as market pressure builds up. The #Bitcoin coil is super compressed now. The longer we go without a Godzilla candle, the more likely it is to get an Omega.