Analysis: The volatility of Bitcoin has increased after the halving event, indicating a speculative trend in the trading environment

Glassnode data shows that the implied volatility of Bitcoin has experienced significant fluctuations throughout 2024. This indicator, a key reflection of market sentiment, remained relatively stable at around 50% after briefly soaring in early January and mid-February this year. However, as Bitcoin approached its halving event in April, volatility skyrocketed to over 80%, as traders anticipated potential market turbulence. Despite a brief decline following the halving, volatility re-emerged mid-year amid increasing market uncertainty, possibly related to regulatory developments and macroeconomic conditions. Comparing current volatility levels with a broader historical context reveals an upward trend in 2024 compared to the more moderate environment of 2023. The continued surge in this