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Matrixport: Bitcoin's 30-day actual volatility has climbed to 62%, surpassing the long-term average level of 58%

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TechFlow
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Sep 6, 2024

DeepChain TechFlow News, Matrixport's latest report indicates that the 30-day actual volatility of Bitcoin has risen to 62%, exceeding the long-term average level of 58%.

The company stated that historical data shows that the duration of actual volatility exceeding 70% is usually short, which may bring profit opportunities for traders selling implied volatility at high levels.

Since June 21, the price of Bitcoin has dropped by 12%, showing a similar summer downtrend as in previous years.

Matrixport emphasizes that a series of key events that may occur in the coming months will significantly impact the dynamics of the Bitcoin market, including the release of US employment reports, presidential debates, and the Federal Reserve's interest rate policy decisions.

Furthermore, the potential re-election of $Trump and the monetary policy of Federal Reserve Chairman Powell may create a bullish environment for Bitcoin. The report advises traders to remain cautious during this period of uncertainty.

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