Bitcoin's weekly price volatility has fallen to its lowest level in the last 563 days. Experts indicate that this situation is a sign of Bitcoin's maturation process and that institutional demand is starting to increase. According to a new study, Bitcoin is showing signs of maturity as a global financial asset; price volatility has dropped to a level not seen in the last 500 days.
Price volatility indicates uncertainty about the magnitude of changes in an asset's value and refers to the fluctuations of a transaction price over time.
K33 Research's head of research, Vetle Lunde, noted that Bitcoin's weekly volatility fell to its lowest level in 563 days on April 30. This declining volatility of Bitcoin indicates that the asset is maturing as a global financial asset and may exhibit more stable price movements.
Bitcoin has become the seventh largest asset globally by market value, reaching $1.87 trillion. According to Companiesmarketcap data, it now ranks above giants like Silver, Meta, and Saudi Aramco. Additionally, a significant decline has been recorded in Bitcoin exchange deposits. This situation indicates, according to analysts, a decrease in selling pressure and increasing stability. Analysts add the following remarks:
"The difference between price stability and declining exchange balances has become a critical indicator, especially after the $7.2 billion options expiration and increasing macro volatility."
"In the past, similar patterns resulted in an upward movement triggered by decreasing supply, facing continuous ETF and institutional demand," they say.
These statements came after Cointelegraph's news on April 29 that BlackRock's Bitcoin exchange-traded fund (ETF) recorded a $970 million inflow, marking the largest second investment day to date.
Bitcoin Could Reach $1 Million by 2028
Recent market activity has brought long-term bullish forecasts for Bitcoin back into focus. BitMEX co-founder Arthur Hayes predicted that Bitcoin could reach $1 million by 2028. He associates this potential increase with aggressive monetary policies and rising institutional interest.
In his speech at the Token2049 event in Dubai, Hayes said, "It's time to take long positions on everything," and added: "Don't worry, Bitcoin will reach $1 million by 2028." Hayes linked the upcoming rally to the U.S. Treasury Department's increased money printing policy. He also predicted in a statement made on April 21 that U.S. Treasury buybacks could be the next catalyst for Bitcoin and that this could be the "last chance" for Bitcoin to drop below $100,000.
Treasury buybacks refer to the U.S. Treasury Department's repurchase of existing bonds in the market to increase liquidity, manage federal debt, or balance interest rates.
Leading figures in the investment management sector also predict that Bitcoin may surpass the $1 million level. It seems that institutional investors are beginning to notice this situation. ARK Invest CEO Cathie Wood said that the likelihood of Bitcoin exceeding $1.5 million by 2030 has increased. Wood noted that with Bitcoin's institutionalization, many institutional investors are considering adding Bitcoin to their portfolios.
Wood stated, "Many institutional investors are now looking at Bitcoin and believe they need to add it to their asset allocations because its return and risk profile is very different from all other assets." It is noted that this potential rally means Bitcoin's average annual compound growth rate over the next five years will be 58%.
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