According to BlockBeats, on May 8, Bitcoin volatility fell to 2.34%, continuing a downward trend for three consecutive 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 phase or a 'calm period'. Additionally, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks.
