#NEWTBinanceHODLer Bitcoin shows maturity as an asset class.
$BTC 💥💥💥💥💥
As of June 23, the 60-day realized volatility of Bitcoin, a measure of price fluctuation, had dropped to around 27-28%, below the S&P 500 (~30%), the Nasdaq 100 (~35%), and even the "7 magnificent" tech stocks (~40%).
#BinanceTGEXNY The low volatility of Bitcoin stands out because it is occurring during the escalation of conflict in the Middle East, especially after the U.S. bombing of Iran. The price of BTC reacted by falling 6% below USD 100,000 over the weekend.
In previous cycles, these geopolitical shocks usually caused much larger and more chaotic price movements. For example, the 60-65% volatility of Bitcoin at the beginning of the war between Russia and Ukraine in February 2022, much higher than that of U.S. equities.
But this time, Bitcoin's volatility remained relatively low, suggesting that most traders and investors did not react with panic and that BTC is maturing as an asset class.
#BinanceAlphaAlert #BTCbelow100k #MarketPullback
