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Over the last few weeks I've made multiple analyses on Bitcoin incredibly low volatility and intra-day price movements. In this analysis I want to expand on those and look at BTC's yearly volatility (as opposed to the weekly).
The bottom, orange, indicator "BVOL" tells us that the YEARLY volatility of BTC has made a new all-time low. This means that, relatively, Bitcoin's intra-year price movement has never been lower than it has been now.
First of all, this is to be expected with Bitcoin becoming a larger, and more traded asset. You won't see the SP500 making +10% weeks very often, while it's till relatively common for Bitcoin. Second, volume has dried up as traders have left the space. To add on top of this, Bitcoin's price action has been simply terrible since April this year.
Low volatility periods are very often followed by high volatility periods. We can have this low price action for a long time, but it will always end with a bang: a big move in either direction.