Bitcoin 7-Day Volatility Has Declined To Just 1.6% In The Past Week
According to the latest weekly report from , 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.
The 7-day value of the indicator seems to have gone down in recent days | Source:As you can see in the above graph, the 7-day Bitcoin volatility has plummeted down over the past week or so.
As the Bitcoin 7-day volatility has been very low recently, this kind of buildup is again expected to take place in the market. And indeed, the BTC-denominated perpetual futures open interest has shot up and is sitting at an all-time high right now, supporting the idea of the market being overleveraged:
Looks like the value of the metric has been climbing up recently | Source:
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 | Source:
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Arcane Research