BlockBeats news, on May 4th, according to Coinglass data, Bitcoin volatility has fallen to 2.73%, after a continuous downward trend for a week.
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, and the market enters a consolidation or 'calm period'. Additionally, 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's volatility may also decline.
