Data shows the daily Bitcoin volatility has declined further this week, reaching very low levels not observed in around two years.
Bitcoin 30-Day Volatility Has Come Down To Just 1.9% In Recent Days
As per the latest weekly report from Arcane Research, the 7-day volatility made a low below the 1% mark earlier in the week.
The “daily volatility” is an indicator that measures how the per day returns of Bitcoin have differed from the average during a specific period.
While this period can be of any length, two versions of the metric are particularly natural, the 7-day volatility and the 30-day volatility.
Now, here is a chart that shows the trend in these daily Bitcoin volatilities, as well as the daily returns in the price of the crypto, over the past year.
Looks like the values of the two metrics have been quite low in recent days Source: BTCUSD on TradingViewFeatured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, Arcane Research
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