Low Bitcoin volatility leads to a violent move

I am studying Bitcoin volatility and have found that the its 30 day historical volatility has fallen to its lowest level in my 10 years of data.

6 out of 7 times when its fallen to similar levels Bitcoin has rallied notably.

Last night, Bitcoin rose 3% or $300. It is currently trading at $10,878.

And Bitcoin’s correlation to the S&P 500 is ‘growing’.

The weekly chart below paints a clearer picture.

October 9, 2020
by Rob Zdravevski
rob@karriasset.com.au

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