Bitcoin Volatility Drops to 1.62% Amid Narrow Trading Range and Bullish Market Sentiment

On July 5th, Bitcoin volatility was recorded at 1.62%, marking a slight increase from the previous low of 1.45%. Over the last two months, Bitcoin’s price has remained confined within a relatively narrow band between $93,000 and $111,000, diverging from its typical historical volatility patterns. Analysts highlight that the reduction in volatility is largely driven by an uptick in call option selling among Bitcoin holders, which has tempered price swings. Despite subdued volatility, the positive funding rates on Bitcoin perpetual contracts suggest sustained bullish sentiment within the market. Typically, heightened Bitcoin volatility correlates with speculative trading and retail investor FOMO, while a decline often signals a market consolidation phase. Furthermore, Bitcoin’s price dynamics are closely tied to macroeconomic variables such as inflation trends, interest rate adjustments, and geopolitical developments. Stability in these external factors tends to contribute to the observed moderation in Bitcoin’s volatility.

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