Bloomberg Analyst: Bitcoin's 180-Day Volatility Falls to Historic Low of 46%
Bloomberg Intelligence macro strategy analyst Mike McGlone reported that Bitcoin's 180-day volatility metric has dropped to approximately 46%, marking a historic low. While declining volatility typically benefits prices, he notes that Bitcoin has underperformed relative to equity markets since the end of Q1, suggesting all risk assets may still face pressure.
Bloomberg Intelligence macro strategy analyst Mike McGlone shared new data on social media showing that Bitcoin's 180-day volatility indicator has fallen to approximately 46%, reaching a historic low. While he acknowledges that declining volatility is generally favorable for prices, McGlone points out that Bitcoin has underperformed relative to equity market trends since the end of the first quarter, indicating that all risk assets may still face downward pressure.