According to BlockBeats news on May 8, based on Coinglass data, Bitcoin's volatility has decreased to 2.34%, marking a downward trend for three consecutive days.
The high volatility of Bitcoin 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 phase or a 'cooling period.' Additionally, Bitcoin's 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 decrease accordingly.
