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Bitcoin realized volatility drops to 25%, revisiting summer 2023 levels

Bitcoin's one-month annualized realized volatility has fallen to approximately 25%, matching market lulls last observed in summer 2023, according to Glassnode data.

Glassnode chart showing Bitcoin price and annualized realized volatility dropping to 25%, comparing it to the summer 2023 low of 18%.
Image: @Cointelegraph

Bitcoin's one-month annualized realized volatility has declined to roughly 25%, marking a return to quiet market conditions last recorded during the summer of 2023, according to data from on-chain analytics platform Glassnode shared by Cointelegraph, Whale Insider, and CoinGape. During that 2023 period, realized volatility fell to a low of 18%.[1][2][3]

Glassnode's chart indicates that the current drop places Bitcoin's volatility beneath its 365-day band, which measures the 365-day mean plus or minus one standard deviation. Commentators noted that the shift echoes the 2023 sequence of an initial rally, followed by a meme and altcoin surge, before entering an extended phase of market calm.[1][2][3]

Key facts

  • Bitcoin's one-month annualized realized volatility has declined to roughly 25%, according to Glassnode data.
  • The drop brings volatility back to levels seen in summer 2023, when annualized realized volatility bottomed at 18%.
  • Glassnode's chart shows Bitcoin volatility dropping below its 365-day band, defined as the 365-day mean plus or minus one standard deviation.
  • Market observers characterized the recent pattern as mirroring 2023's progression of a rally, a meme and altcoin frenzy, and a subsequent calm market.

Sources 路 3 sources

  1. CO

    Cointelegraph@CointelegraphPost on X 路

    馃毃 UPDATE: Bitcoin volatility has dropped back to summer 2023 levels, mirroring that year鈥檚 pattern of a rally, a meme and altcoin frenzy, then a quiet market, per @glassnode. Is a big breakout coming next? 馃憖 https://t.co/AExJdNEPaP

    Open source
  2. WI

    Whale Insider@WhaleInsiderPost on X 路

    JUST IN: $BTC volatility has returned to summer 2023 levels, echoing that year鈥檚 sequence of a rally, meme/altcoin frenzy, and subsequent quiet market. https://t.co/9P6d1kqn9Z

    Open source
  3. CO

    CoinGape@CoinGapeMediaPost on X 路

    馃毃 UPDATE: Bitcoin volatility has fallen to summer 2023 levels! According to @glassnode, the pattern mirrors 2023鈥檚 cycle of a rally, meme coin and altcoin frenzy, followed by market calm. https://t.co/C2WmvqTzaS

    Open source