#空投操作全指南 Market Volatility Anomaly

CoinMetrics data shows that Bitcoin's 90-day volatility has long remained in the range of 60%-80%, far exceeding the S&P 500 index's 15%-20%. This high volatility includes both a premium space against traditional markets and implies excessive fluctuations caused by leveraged liquidations. During the Federal Reserve's interest rate hike cycle in 2022, the correlation between Bitcoin and the Nasdaq index dropped sharply from 0.8 to -0.3, revealing its property transformation at different monetary policy stages.