Once known for its extreme price swings, Bitcoin’s (BTC) volatility has reached its lowest levels in years. While it remains elevated relative to traditional assets, analysts and industry observers now note a significant shift in the asset’s behavior.
IBIT vs SPY volatility. Source: @EricBalchunas
A chart shared by Bloomberg’s Eric Balchunas reveals that the 60-day volatility of the iShares Bitcoin Trust (IBIT) relative to the S&P 500 (SPX) has dropped sharply, from 5.7 times higher a year ago to just 1.2826 today, marking a significant departure from Bitcoin’s previously uncorrelated and unpredictable trading patterns.
The subdued volatility has also caught the attention of Bitcoin technical analysts. Commenting on the current state of the market, analyst CryptoCon wrote on X:
Bitcoin is still barely moving, which has glued volatility to critical lows.
Historical volatility this low has only ever been seen before the final bull run. There have been no bearish
We współpracy z: https://finbold.com/bitcoins-volatility-drops-to-multi-year-lows/
