Bitcoin’s volatility has dropped to the 10th percentile, lower than 90% of weeks in the last decade.
That’s despite hitting a new ATH and rallying in May.
This is not the old Bitcoin. It’s entering a new regime: strong returns without wild swings.
That’s a game-changer for allocators managing volatility budgets.

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Currently, both on-chain and exchange liquidity are terrifyingly low...... If we compare the peak values of the previous two market cycles, we can see a huge difference. During the peak in March 2024, 150,000 BTC were exchanged daily on-chain (7d sma), and during the peak in November 2024, 160,000 BTC were exchanged daily, while now only 85,000 are exchanged daily.

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(Figure 1) Even more remarkably, on April 28th when BTC rebounded to $95,000, it was the day with the best on-chain liquidity in this market cycle. And $95,000 happens to be near the average cost line for short-term holders, which should have many...

Viewpoint: Whether on-chain or on exchanges, liquidity is terribly low, and the risks are getting higher and higher?

U.S. inflation data for May showed more moderate-than-expected signs, bringing positive signals to risk assets. Specifically, the year-on-year Consumer Price Index (CPI) without seasonal adjustment was 2.4%, lower than the market's general expectation of 2.5%; the month-on-month rate was also only 0.1%, similarly lower than the expected 0.2%.

Core inflation data (excluding volatile food and energy prices) also showed a similar slowing trend: the year-on-year rate was 2.8%, lower than the expected 2.9%; while the seasonally adjusted core CPI month-on-month rate was only 0.1%, significantly lower than the market's expectation of 0.3%.

After the report was released, ...

The positive US CPI cannot hide the whale' shipments? Bitcoin fell back under pressure after rising

Plasma is a blockchain that only supports stablecoins, redefining payment infrastructure with zero transaction fees, Bitcoin-level security, and a vision oriented towards mainstream finance. Kairos Research is an investor in Plasma. The information provided by Kairos Research, including but not limited to research, analysis, data, or other content, is for reference only and does not constitute investment advice, financial advice, trading advice, or any other form of advice. Kairos Research does not recommend buying, selling, or holding any...

Plasma, Tether's Trillion-Dollar Stablecoin Ambition

Even during past bull markets, big price moves came with red-hot volatility. Not this time.
This shift makes Bitcoin easier to fit into institutional portfolios without breaking risk models.
The more it trades like a stable macro asset, the harder it is to ignore.
Follow @ecoinometrics for more Bitcoin & macro insights backed by data.