The implied volatility of the leading cryptocurrency remains near record lows, with the Bybit hack having little impact on market sentiment, according to observations shared by Glassnode.
#Bitcoin’s 1-week realized volatility has collapsed to 23.42%, nearing historical lows. In the past four years, it has dipped lower only a few times — e.g., Oct 2024 (22.88%) & Nov 2023 (21.35%). Similar compressions in the past led to major market moves: https://t.co/B67xEqy8Rm pic.twitter.com/XRaGCNXR6d
— glassnode (@glassnode) February 21, 2025
“Bitcoin’s weekly realized volatility has plummeted to 23.42%, close to historical lows. Over the past four years, it has fallen lower only […] in October 2024 (22.88%) and November 2023 (21.35%). In the past, this has led to significant market movements,” the statement reads.
Experts noted that the metric remains higher over a longer horizon — 53.1% (three months), 56.25% (six months).
At the time of writing, Bitcoin is valued at $95,800. Weekend trading occurred within a narrow range of $95,000-$97,000.
Price fluctuations following the Bybit incident diminished after Strategy founder Michael Saylor published a chart of the company’s coin purchases.
I don’t think this reflects what I got done last week. pic.twitter.com/57Qe7QfwKm
— Michael Saylor⚡️ (@saylor) February 23, 2025
“I don’t think this reflects what I got done last week,” he emphasized.
The entrepreneur hinted at using the $2 billion raised from bond issuance to acquire digital gold.
CryptoQuant has suggested that Bitcoin may enter a bearish phase due to a weakening investor risk appetite.
Earlier, company specialists recorded a significant decline in transactional activity on the network of the first cryptocurrency and pointed to a “cleansing” of the market from excessive leverage.