Golden Finance reported that Matrixport released a report stating that Bitcoin’s 30-day actual volatility has recently increased to 62%, exceeding its long-term average of 58%. Historical data shows that when realized volatility exceeds 70%, such moves are typically short-lived and present profit opportunities for traders who sell implied volatility at these high levels. Conversely, buying volatility generally provides a better risk reward when realized volatility is below 30%. Bitcoin is down 12% since June 21, a move that mirrors a pattern seen in previous summers in which cryptocurrencies fall followed by increased volatility. This trend comes amid several upcoming events that could have a significant impact on Bitcoin’s market dynamics. In addition, several important events in September may affect the Bitcoin market, including the U.S. employment report released on September 6, the presidential debate on September 10, and the Federal Reserve interest rate decision on September 18. These events are expected to have a significant impact on market sentiment.
