According to Odaily, the current Bitcoin halving period is marked by an unusual calm in the market, contrasting with the significant price fluctuations seen in previous cycles. Data from CoinGlass indicates that Bitcoin's volatility is now below 2%, reaching historical lows. In contrast, during the third halving period around 2020, volatility exceeded 5%. Keiji Maeda, an executive at Japanese crypto company BACKSEAT, suggests that the traditional expectations for Bitcoin halving periods have collapsed. He believes that a stable bull market may continue as market liquidity increases, reducing the impact of short-term trading by individual investors. The self-fulfilling nature of speculative selling driven by past experiences appears to have diminished in its ability to influence market trends.

