Chris Kuiper, vice president of research at Fidelity Digital Assets, notes that despite the fact that cryptocurrency is in the middle of the Bull Run, Bitcoin volatility continues to decline.
Kuiper suggests that Bitcoin volatility could be an image of “coiled springs” in the “alt=” article.
Alternatively, major cryptocurrencies could be in a completely different, low-volatile environment, setting the current rally apart from the previous ones. In this environment, Bitcoin can simply continue to grind high and calmly.
Previously three Jay Partners COO Christophe Jeffers opinion That Bitcoin volatility was crushed by ETF options and bids from institutions and corporate players.
A creepy calm
The chart shared by Kuiper shows that Bitcoin’s 30-day historic volatility is on the nose diet from over 60% in March to just 20% in August.
GlassNode data show Money at Money is currently close to the record lows that implies bolativeness for Bitcoin options.
Analytics companies note that such suppressed volatility often precedes major moves.
A sharp reversal
But earlier today, volatility nurtured ugly heads and soon after Cryptocurrency reached a current all-time high of $124,517 in Bitcoin collapsed below the $118,000 level.
As reported by U.Today, the sudden charge came after Treasury Secretary Scott Bessent ruled out Bitcoin purchases for the Strategic Reserve.
Cryptocurrencies and other risky assets also suffered stronger wholesale inflation data than expected, making it less likely that another rate would fall.