Bitcoin's volatility drops to 1.59%, market enters a cooling period

According to BlockBeats, on July 1, Bitcoin's volatility dropped to 1.59%, showing a downward trend over the past month. High volatility is usually associated with speculative trading and retail FOMO sentiment. A decrease in volatility may indicate a reduction in short-term speculators, leading the market into a consolidation or cooling period. Additionally, Bitcoin's 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.