Bitcoin has reached a new all-time high of $118,667, but experts predict its ascent will be slower compared to previous bull runs. This slowdown is attributed to diminishing volatility as the cryptocurrency matures and attracts more sophisticated traders. The new options market and Bitcoin exchange-traded funds (ETFs) have contributed significantly to this shift, pulling in over $1 billion in inflows recently. As more institutional investors enter the space, Bitcoin's price movements require larger amounts of capital to change significantly. Analysts point out that while Bitcoin's volatility has decreased to 29.5%, down from 100% in 2021, there may still be periods of heightened volatility. The increase in sophisticated trading strategies, such as selling call options, is also impacting market dynamics, leading to a more stable pricing environment over time. Ultimately, experts believe that a gradual increase in Bitcoin's value is more sustainable than the dramatic spikes seen in the past.

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