Bitcoin's Declining Volatility Compared to Stocks Is a Red Flag

According to Noelle Acheson, the creator of the "Crypto is Macro Now" newsletter.

The coin's 30-day realised volatility has "fallen dramatically" recently.

According to Acheson's compilation of Coin Metrics data, it has been hovering over 64% on an annualised basis for the last month and is now at about 52%.

In the meanwhile, BitVol, a volatility indicator, has "begun to break down," plunging to close to its lowest levels since the spring, according to Jake Gordon of Bespoke Investment Group.

The index is presently hovering at 69, down from over 111 in May.

According to data logger, daily readings are currently hovering at $47 billion, down from more over $100 billion at the beginning of the year.


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Futures volatile before to US CPI data