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
BTC Price
At the time of writing, Bitcoin’s price floats around $20.1k, up 3% in the last week. Over the past month, the crypto has gained 1% in value.
The below chart shows the trend in the price of the coin over the last five days.
The value of the crypto has been moving sideways since the surge a couple of days back
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