The past few months have seen a significant decline in Bitcoin's volatility to multiyear lows.
found in a new report. With most BTC trading sessions marked by “quietness,” “fewer than 5% of trading days have a tighter trade range,” the on-chain analytics firm noted.According to Glassnode, BTC’s annualized volatility has steadily declined this year. Observed within the 1-month to 1-year window period, this has fallen to levels last seen since December 2016.
Noting that this is not a new phenomenon, Glassnode highlighted four periods of extreme volatility compression in BTC’s price since 2015. These included the late-stage 2015 bear market into the 2016 re-accumulation period, the late-stage 2018 bear market, which came before a 50% decline in November of the same year, March 2020 as the world grappled with the COVID-19 outbreak, and at the end of 2022 following the collapse of FTX.Glassnode assessed BTC’s 7-day price high and low and found that these are only 3.6% apart. This refers to the highest and lowest prices the king coin has traded at over the past seven days.
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