Bitcoin volatility drops sharply, weekend trading volume hits record low! Are spot ETFs making BTC boring?

This site (120btC.coM):

1. Data from cryptocurrency research company Kaiko shows that the proportion of Bitcoin’s weekend trading volume in overall trading volume this year has dropped to a record low of 16%.
2. And this has become more apparent after the launch of the Bitcoin spot ETF, which seems to indicate that the spot ETF brings the Bitcoin trading session closer to the traditional stock exchange schedule (weekdays), and makes the Bitcoin price on weekends Volatility is reduced.

   

   Bitcoin volatility has dropped significantly this year

1. Reduced volatility
According to Kaiko’s observations, Bitcoin price volatility has been on a downward trend, and the volatility has always been below 50% since the beginning of 2023 The situation shows that Bitcoin is evolving into a more mature asset.

2. Changes in market structure
While it is too early to conclude that this is the new normal, changes in the Bitcoin market structure over the past year may help explain why Bitcoin’s trend has become relatively “uninteresting.”

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