Since its inception, Bitcoin has (almost) always been the poster child for volatility. Yet, the Bitcoin price is hardly moving in any direction at the moment. But the latest data suggests a surprising twist in the tale.
As per a recent report by on-chain data provider Glassnode, “Bitcoin markets are experiencing an incredibly quiet patch, with several measures of volatility collapsing towards all-time lows.” This raises the question: Are we entering a new era of Bitcoin price stability, or is the market misreading the signs?
Historical Context For The Volatility Of Bitcoin
To truly understand the current state of the market, it’s essential to delve into the historical context. The Glassnode report notes, “It has been 842-days since the bull market peak was set in April 2021.” During this period, Bitcoin’s recovery has been more robust than in previous cycles, trading at -54% below its all-time high (ATH), compared to a historical average of -64%.
Drawing parallels with past
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