The current BTC cycle confirms that its volatility is decreasing.
CEO of #CryptoQuant Ki Yoon Joo showed the difference in the depth of corrections of #BTC in three different cycles - in 2017, 2020, and 2024. The conclusion is that the depth of drawdowns decreases with each cycle.
The key reason is the increase in market capitalization, largely due to institutional purchases. Therefore, relying on the depth of drawdowns in past cycles during corrections in this cycle often means missing the reversal and the return to growth. Many felt this on the drawdown of December 9th, expecting the price to go below $90,000.
Another chart from #CryptoQuant demonstrates a more global trend - a steady decline in the BTC price volatility index since 2015. This is part of a trend where #BTC, gaining liquidity, increasingly becomes a means of preserving capital rather than a speculative asset. This is the path to the status of "digital gold" (which giving to Bitcoin now is still not entirely deserved). The asset is likely to eventually reach this status, allowing future speculation on its price only with a significant leverage.