A recent report by the head of research at one of the blockchain research companies indicates that the price volatility of Bitcoin has reached a new minimum in 563 days. This seems to herald the popularization of Bitcoin. K33 Research's head of research, Vetle Lunde, noted in his remarkable article about Crypto X on April 30 that the 7-day volatility of tokens has just reached a new minimum in 563 days. At the same time, the 30-day price volatility of Bitcoin against the US dollar has been steadily decreasing. According to data from BitBo and TheBlock, since 2011, as well as since 2021, Bitcoin's volatility continues to decline. Is low volatility of Bitcoin a positive or negative signal for the price? Low volatility can be beneficial for tokens and stocks. This is because during a bull market, prices tend to rise with an increase in trading volume, while pullbacks occur more sharply. Therefore, some traders may interpret low volatility as a signal to sell or wait. However, technical charts of Bitcoin established this threshold during a strong recovery of Bitcoin on Wall Street and on token exchanges. Thus, it is difficult to view this as a bearish signal and include it in the overall picture. On the contrary, low volatility of Bitcoin may simply be a consequence of the current market capitalization of Bitcoin being so high, close to the level of 2 trillion dollars in early May, and liquidity becoming smoother. "Whale" level participants no longer have as much impact on overall market volatility as they did in the past. Fidelity: the volatility of many stocks is higher than that of Bitcoin. Overall, this represents a bullish threshold for Bitcoin. This means that the rate of growth of the network's market capitalization is so astonishing that it no longer fluctuates like a small boat at sea. On the contrary, it resembles a large, strong, majestic ocean liner more. Fidelity Digital Assets' research from last year pointed out some interesting facts about the price volatility of Bitcoin, for example: "Although Bitcoin's volatility is high, it is lower than that of many popular large stocks." This major investment company based in Boston also noted: "Currently, Bitcoin's volatility is lower than that of 33 stocks from the S&P 500 index, and as of the end of 2023, still 92 stocks from the S&P 500 index have volatility higher than that of Bitcoin." The report accurately predicted: "Bitcoin's volatility has decreased and is expected to continue to decrease." At the same time, the price of Bitcoin quickly rose after falling below $75,000 in early April and is moving towards a target of $100,000.
