Data shows the Bitcoin 7-day volatility has plunged down recently to pretty low values. Here’s what has historically happened following instances of such a trend.
Bitcoin 7-Day Volatility Has Declined To Just 1.6% In The Past Week
According to the latest weekly report from Arcane Research, the recent sideways trend in the BTC price has lead to the volatility dropping down to very low values.
The “volatility” is an indicator that measures how the daily returns of Bitcoin have deviated from the average during a specific period.
Here is a chart that shows the trend in the 7-day and 30-day versions of the metric for BTC over the last year:
The 7-day value of the indicator seems to have gone down in recent days | Source: Arcane Research's The Weekly Update - Week 39, 2022
As you can see in the above g
GIPHY App Key not set. Please check settings