According to data from cryptocurrency research firm K33 (formerly Arcane Research), Bitcoin has shown rare stability, with a 5-day volatility lower than major traditional assets such as the Nasdaq, S&P 500 and gold, The Block reported. Meanwhile, Bitcoin's 30-day volatility is currently close to a five-year low. But the company said that when Bitcoin's volatility weakens, periods of high volatility have historically occurred. This suggests that the current period of low volatility may soon end, and larger price fluctuations or trading volumes may be seen in the future.

Vetle Lunde, senior analyst at K33, said in a report: "My short-term view is that the volatility pressure in the market is about to peak and the explosion is coming." The analyst said that some known catalysts could "ignite the volatility bomb", but usually pure structural squeezes tend to be the driving force behind this trend.