Bitcoin's weekly price swings have dropped from around $6,000 to $3,000 or less since early July. The host isn't sure why, but points to possible seasonal factors like summer holidays. Low volatility changes how traders need to adjust their strategies.
If you take a look at the weekly volatility so far that we've got, on average, right, we can expect, reasonably expect $6,000, right, from the high to the low of every single weekly candle on average over the last 14 weeks. On average, we can get $6,000 from high to low. Now, the last time we had something like this was literally back in the end of June, right? Basically, ever since then, if you take a look at here, the first week of July, this is around $3,000. Yeah. $3,000, $3,000, less than $3,000, Less than $3,000. Like, yeah, we've just been going— we've just been having less than half of the amount of usual kind of weekly volatility we can expect. Now, do I know the reason why this is happening? I have no clue. Could be summer holidays or whatever, the banks are taking a break, whatever. Doesn't matter. What does matter though is understanding that we are currently dealing with very low volatility conditions right here. So there are 2 things that you need to understand when we're in these low probability conditions— sorry, low volatility conditions.
