Data: Bitcoin volatility is currently reported at 2.01%, slightly above the average level since mid-May

According to Coinglass data, Bitcoin's volatility is currently reported at 2.01%, slightly above the average level since mid-May.

Over the past month, Bitcoin has consistently fluctuated within a narrow range of $80,000 to $95,000, and the funding rate for Bitcoin perpetual contracts remains negative, indicating that bearish sentiment dominates the market. High Bitcoin volatility is often associated with speculative trading and retail FOMO (fear of missing out) sentiment. When volatility decreases, it may suggest that short-term speculators are reducing their activity, leading the market into a consolidation phase or a "calm period."

Additionally, Bitcoin's price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may also decrease.