Summary
- Bitcoin's volatility has decreased by nearly half, from 80% to 40%.
- This indicates price stability for Bitcoin according to investors.
- Reported the potential for Bitcoin price increase due to the compression phenomenon.
Bitcoin (BTC) has shown a significant decrease in volatility.
On the 19th (local time), Axel Adler Jr., a CryptoQuant contributor, stated through X that "Bitcoin's volatility range has decreased from 80% to 40% over the past month," noting that "this represents a reduction of nearly half." He further suggested the possibility of Bitcoin's price increase, stating "we will eventually witness a compression phenomenon."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
