According to the analyst, the Bitcoin (BTC) price has become calmer with the spot Bitcoin exchange-traded fund (ETF) approvals.
Chief market strategist at asset management firm Creative Planning Charlie Bilellovolatility in Bitcoin price with spot Bitcoin ETF approvals He stated that it fell to the lowest levels.
In the statement made by Bilello, Bitcoin’s 12-month volatility lowest level in the last 12 years Spot Bitcoin ETFs were emphasized as the obvious reason.
In the data presented, Bitcoin volatility 179% in January 2012 from its highest level to 45% in January 2024 It was recorded that there was a decrease of
Stating that Bitcoin movements have become calmer, just like stocks, with the entry of institutional investors, the experienced name hinted that the trend may continue in this way in the coming period.
On-chain analytics firm CryptoQuant’s web3 analyst Bradley Park Approaching the issue from a different angle, he told DL News, lower volatility longer term investors He said it could mean.
A Bloomberg ETF analyst made a similar comment earlier this month. by James Seyffart also came:
Most of the Bitcoins purchased through the ETF will remain in advisor accounts. These investors do not want to trade every day.