According to BlockBeats, on May 8th, the volatility of Bitcoin fell to 2.34%, marking a continuous downward trend for three days. High Bitcoin volatility is often associated with speculative trading and retail FOMO sentiment.
When volatility decreases, it may indicate a reduction in short-term speculators, leading the market into a consolidation or 'calm period'. Additionally, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks.
