Bitcoin volatility remains at 6% of record lows
Before the price crash on June 7, Bitcoin's volatility over the previous 15 days was in the "bottom 6% of events."
Bitcoin's price moved so little in the 15 days leading up to the sharp drop on June 7 that it approached historic lows seen in every 15-day period in Bitcoin history.
According to Swan Bitcoin chief investment officer Rapha Zagury, the period from May 24 to June 7 was among the “lowest 6%” in terms of volatility.
"The horizontal blue line is the latest 15-day rolling volatility number, which is 23%. It definitely looks close to the bottom," Zagury explained in a post published on X on June 7. "Bitcoin was stuck in a range."