BTC's volatility hits new lows during long-term market consolidation, is a reversal coming soon?
Bitcoin's annualized actual volatility has gradually declined to around 30% from its high in March, reflecting a reduction in market risk.
It is worth noting that Bitcoin is experiencing the longest sideways consolidation near its historical high in the previous cycle, which has lasted for 3.5 months, far exceeding the 3-4 weeks of consolidation in 2020, reflecting the stability and reduced volatility of the current market.
Analysts generally believe that the current market situation belongs to the last wave of callback cycle in this round of bull market, and the market is gradually bottoming out. At the same time, the recent re-entry of large-scale stablecoins into exchanges and the sharp increase in block transactions indicate that market confidence is gradually recovering, and Bitcoin prices may see a breakthrough in the future.
