The recent volatility of Bitcoin ($BTC ) is reported at 1.62%, having previously dropped to 1.45%. It has been fluctuating within a narrow range of $93,000 - $111,000 for the past two months.

The decrease in volatility is due to factors such as holders selling call options. However, the funding rate is positive, and the market remains bullish. The low volatility may indicate fewer speculators, and the market is in a 'calm' state. It seems that the trend of Bitcoin is indeed closely related to macroeconomics and geopolitical factors.