Bitcoin'sđȘ volatility is a measurement of how much Bitcoin's price fluctuates, relative to the average price in a given time period. Volatility measures past performance of price and is used to predict how likely it is that the price will change dramatically. The higher the volatility â the riskier the asset.
Measured from its $73k ATH, Bitcoin prices have corrected by -20.3%, the deepest since the FTX lows in November 2022. Despite this, the current macro uptrend remains notably resilient with relatively shallow corrections.
Interestingly, the current drawdown structure resembles the 2015-17 bull market. During that period, Bitcoin's rally was driven entirely by spot markets, as no derivative instruments were available, suggesting potential similarities with the current market.