Bitcoin volatility warning – 2 metrics define BTC’s move from $82K

Hopes of monetary easing were dashed after Federal Reserve Chair Kevin Warsh signaled a hawkish outlook in a speech at Jackson Hole on the 28th of August.

Bitcoin [BTC] fell by 3% on Friday, and Ethereum [ETH] was down by 2.74%, reflecting the risk-off attitude in the market.

Worryingly, Bitcoin Exchange Reserves climbed to 685,000 BTC, the highest in 2026. The reserves accelerated as the price rebounded from $60k to reach $80k in recent days.

Rising reserves mean more supply that is ready to be sold, and are a warning sign for swing traders and investors. The $82k supply zone has not been breached, but other factors such as Bitcoin spot ETF flows and whale activity would affect future Bitcoin price trends, too.

Beware of another expansion in volatility

CEO and Founder of crypto intelligence platform Alphractal, Joao Wedson, delivered a warning of an imminent price move. In a post on X, the analyst explained that the Bitcoin Network Stress Index had reached extremely low levels.

The metric combines hash rate volatility, fee behavior, and active supply fluctuations to map network stress. Historically, when the metric falls to extreme lows, it has tended to mark important market transition moments.