Bitcoin (BTC) Price Volatility Is Still Compressing, Dimming Santa Rally Chances
CoinDesk
Declining Bitcoin volatility, mirroring the S&P 500, suggests low odds for a significant year-end price rally.Summary
Bitcoin's 30-day implied volatility, measured by the BVIV index, has dropped significantly from a recent peak of 65% to 49%, indicating reduced expected price turbulence. This trend mirrors the decline in the S&P 500's VIX index, which fell from 28% to 17%. According to Matrixport, this volatility compression suggests low probability for a meaningful upside breakout before the year's end, especially after the final major catalyst, the FOMC meeting, passes. While volatility compression on Wall Street often signals a bullish reset, in Bitcoin's current context, it dampens expectations for the traditional year-end 'Santa Rally.'
(Source：CoinDesk)