Recently, data released by Deribit shows that the Bitcoin Volatility Index (DVOL) has dropped to 47. This number is significant because for 96% of the past year, DVOL has been higher than it is now, peaking at 92 and dropping to a low of 41. The sharp decline in volatility indicates that the market generally believes Bitcoin will not see significant drops or rises in the short term, and may experience a period of consolidation.
In simple terms, everyone currently thinks Bitcoin will 'stabilize' for a while, with not much fluctuation. For those investors looking for dramatic ups and downs, it might be a bit boring, but for friends who prefer steady operations, it could be a good observation period. However, the market is always full of uncertainties, who knows if there will be any big news to break this calm? Everyone should stay vigilant and not let their guard down!
