According to BlockBeats, on July 1, Bitcoin volatility dropped to 1.59%, showing a downward trend in the past month. High volatility is usually associated with speculative trading and retail FOMO sentiment. A decline in volatility may mean that short-term speculators have decreased and the market has entered a consolidation or cooling-off period. In addition, 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 volatility may decline accordingly.