Bitcoin Volatility Drops for Second Consecutive Day, Currently at 2.02%

BlockBeats News, May 10th, according to Coinglass data, Bitcoin's volatility has dropped for two consecutive days, currently at 2.02%, falling to levels not seen since the end of February this year.

High Bitcoin volatility is usually associated with speculative trading and retail FOMO sentiment. A decrease in volatility may indicate a reduction in short-term speculators, with the market entering a consolidation phase or a "cooling-off period." Furthermore, Bitcoin price volatility is often linked to macroeconomic events such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may also decrease.