Bitcoin's volatility has significantly decreased, signaling maturity in the market, according to a report by Kaiko. The 60-day historical volatility of Bitcoin has remained below 50% since the start of 2024, contrasting with the massive fluctuations seen in 2023 when volatility exceeded 100%.

In 2024, Bitcoin's volatility reached an all-time high, but this peak was only 40%, far lower than the over 106% volatility spike seen in 2021. The launch of spot Bitcoin ETFs in the US also had a relatively muted long-term impact on volatility.

However, increased selling pressure has kept Bitcoin's price below $70,000. The price drop over the weekend was influenced by high selling volumes from miners impacted by the third halving event. Despite only a 4% hash rate decrease post-halving, strong mining competition has forced miners to optimize capital efficiency.

While this news does not directly relate to DeFi or BRC 20, it provides important context for the overall crypto market.