Bitcoin volatility has dropped to 2.73%.

BlockBeats news, on May 4th, according to Coinglass data, Bitcoin's volatility has dropped to 2.73%, following a downward trend for a week. High Bitcoin volatility is often related to speculative trading and retail investor FOMO sentiment. When volatility decreases, it may indicate a reduction in short-term speculators, and the market enters a consolidation phase or a 'cooling period'. Additionally, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may decrease accordingly.