According to Odaily, Glassnode data reveals that Bitcoin's weekly implied volatility has experienced significant fluctuations throughout 2024. This key market sentiment indicator saw brief spikes in early January and mid-February, maintaining relative stability around 50% at the beginning of the year. However, as Bitcoin approached its halving event in April, volatility surged, peaking above 80% as traders anticipated potential market turbulence. Despite a brief decline post-halving, volatility resurfaced mid-year, driven by increased market uncertainty, possibly linked to regulatory developments and macroeconomic conditions.

Comparing the current volatility levels to a broader historical context, 2024 shows an upward trend in volatility compared to the more moderate environment of 2023. The sustained rise in this indicator suggests that traders are increasingly factoring in short-term market risks, highlighting a more speculative trading environment post-halving. As market participants navigate the evolving regulatory landscape and global economic changes impacting Bitcoin price trends, this trend is likely to continue.