Bitcoin volatility falls to 1.81%, close to the average level of February this year

According to BlockBeats, on June 2, Bitcoin volatility fell to 1.81%, maintaining an average level close to the end of February this year. High Bitcoin volatility is often associated with speculative trading and retail FOMO sentiment. The decrease in volatility may indicate a reduction in short-term speculators and that the market is entering a consolidation or cooling period. Furthermore, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may also decrease.