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<ul> 
 <li>The 90-day annual volatility rate for Bitcoin has dropped to 50%, nearly halving the high levels seen in the 2021 bull market.</li> 
 <li>The recent actions of US-based regulators towards major market participants have also contributed to the HODLing trend.</li> 
 <li>The dollar value locked in Bitcoin’s futures market open interest (OI) or futures contracts is at its lowest level in a month.</li> 
</ul> 
<p><strong>According to the data, Bitcoin’s volatility rate has dropped to 50% and there is a decrease in the amount of open positions.</strong></p> 
<h2 id="strong-bitcoin-s-volatility-shows-a-decrease-strong"><strong>Bitcoin’s Volatility Shows a Decrease</strong></h2> 
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-126926" src="https://en.coinotag.com/wp-content/uploads/2023/04/30500-Bitcoin-Options-Contracts-Expire-Will-it-Affect-the-Rise.jpg" alt="Bitcoin (BTC)" width="1920" height="1080"></p> 
<p>The decline in the crypto market has refocused attention on Bitcoin’s volatility, which has been one of the most talked-about topics. According to data provider Kaiko, the 90-day annual volatility rate for Bitcoin has dropped to 50%, nearly halving the high levels seen in the 2021 bull market.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.jpg"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133923 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.jpg" alt="bitcoin-ethereum-volatility" width="1308" height="706"></a></p> 
<p>90-Day Bitcoin &amp; Ethereum Volatility</p> 
<p>What seemed to be a long bull market period starting in the first quarter of 2023 has reversed. As clearly seen in the data, BTC’s monthly trading volume has been consistently declining since April.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133924 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.png" alt="bitcoin-volume" width="1022" height="513"></a></p> 
<p>Bitcoin Trading Volume</p> 
<p>The decreasing volatility of Bitcoin could be a result of how investors perceive it. Glassnode’s Liveliness metric showed a trend indicating whether Bitcoin holders were more inclined to spend their tokens or hold onto them, and it had been declining for a long time. This indicated that most investors were taking action to withdraw their money from the market and HODL.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687273519_749_Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133925 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687273519_749_Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.png" alt="bitcoin-liveliness" width="1800" height="1013"></a></p> 
<p>This evolved the idea that Bitcoin is seen as a long-term investment option rather than a short-term speculative asset. Additionally, the recent actions of US-based regulators towards major market participants have contributed to the HODLing trend.</p> 
<p>As clearly seen in the chart below, the number of BTC on exchanges has dropped to around 2.28 million, implying a reluctance of investors to engage in trading.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687273519_752_Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133926 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687273519_752_Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.png" alt="bitcoin-exchange-balance" width="1800" height="1013"></a></p> 
<p>Additionally, there were signs that the Bitcoin market was maturing and attracting the attention of leading financial institutions. BlackRock, the world’s largest asset management company, recently applied for a spot Bitcoin Exchange Traded Fund (ETF).</p> 
<p>This move had the potential to make Bitcoin a legitimate asset class for investors with different risk tolerances.</p> 
<h2 id="strong-decrease-in-open-positions-in-bitcoin-strong"><strong>Decrease in Open Positions in Bitcoin</strong></h2> 
<p>According to Glassnode’s data, the dollar value locked in Bitcoin’s futures market open interest (OI) or futures contracts is at its lowest level in a month. OI has been declining since the beginning of June.</p> 
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687273519_73_Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.jpg"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133927 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687273519_73_Bitcoin-Volatility-Drops-by-50-Is-Interest-in-BTC-Decreasing.jpg" alt="bitcoin-oi" width="2400" height="1200"></a></p>  
<p>The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-volatility-drops-by-50-is-interest-in-btc-decreasing/">Bitcoin Volatility Drops by 50%: Is Interest in BTC Decreasing?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Bitcoin Volatility Drops by 50%: Is Interest in BTC Decreasing?

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