TechFlow news, Matrixport's latest report indicates that Bitcoin's 30-day realized volatility has risen to 62%, surpassing the long-term average of 58%.
The firm noted that historical data shows periods of realized volatility exceeding 70% are typically short-lived, potentially creating profit opportunities for traders selling implied volatility at elevated levels.
Since June 21, Bitcoin's price has declined by 12%, reflecting a summer downturn trend similar to previous years.
Matrixport emphasized that a series of key upcoming events over the next few months could significantly impact Bitcoin market dynamics, including the release of U.S. employment reports, presidential election debates, and Federal Reserve interest rate policy decisions.
In addition, a potential Trump victory and Federal Reserve Chair Powell's monetary policy stance could create a bullish environment for Bitcoin. The report advises traders to remain cautious during this period of heightened uncertainty.
