Charlie Bilello: The 12-month annualized volatility of Bitcoin has reached its lowest level in 12 years
Charlie Bilello, Chief Market Strategist at Creative Planning, stated that the 12-month annualized volatility of Bitcoin has reached its lowest level in 12 years. According to Bilello's data, this volatility level has decreased from a high point of 179% in January 2012 to 45% in January 2024. Bradley Park, an analyst at CryptoQuant, believes that the decrease in volatility may indicate more long-term holders; some ETF analysts suggest that the launch of a US spot Bitcoin ETF further reduces volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index opened up by 132.74 points at 47,422.07 points.
Swiss crypto bank AMINA Bank integrates Paxos stablecoin USDG
Alliance DAO co-founder: If BTC cannot quickly address security and quantum risks, L1 will have hedging value