According to Odaily Planet Daily, Glassnode data shows that Bitcoin’s one-week implied volatility fluctuates significantly throughout 2024. After a brief surge in early January and mid-February, it was relatively stable at around 50% at the beginning of the year.
As the halving event approached in April, volatility spiked to over 80% as traders anticipated a potentially volatile market. Despite a brief drop after the halving, volatility rose again mid-year amid increased market uncertainty.
Volatility is on the rise in 2024 compared to 2023, with traders increasingly considering short-term market risks and a more speculative trading environment after the halving event.