Bitcoin’s Wild Swings Go Quiet, Even as the Bears Won’t Let Go
Bitcoin’s volatility has dampened significantly, according to new VanEck research.
This post Bitcoin’s Wild Swings Go Quiet, Even as the Bears Won’t Let Go first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin’s Wild Swings Go Quiet, Even as the Bears Won’t Let Go
Bitcoin is deep into its bear market, though it’s doing something it doesn’t typically do: sit still.
That’s according to a new report by VanEck, which noted that thirty-day realized volatility has fallen to 27.2% annualized, down from 30.4% the prior month and less than half bitcoin’s long-run average of roughly 80%.
For an asset known for double-digit daily swings, that’s an unusually still market.
The calm comes as bitcoin claws back from a June low near $58,500, holding inside a tight $62,265-to-$66,509 band through most of July.
Bitcoin remains about 9% below its 200-day moving average — a narrower gap than the 14% discount seen a month ago — and still sits roughly 49% below its all-time high.
Trading activity tells a similar story of a market on pause. Spot volume over the trailing 30 days is down 27% from the prior month, landing in just the 10th percentile of its own history, VanEck noted.
Analysts at investment firm note the summer slowdown is deeper than in either 2024 or 2025, pushing spot volumes down toward levels last seen in the 2023 bear market.
At the same time, longtime holders have started letting go of coins, VanEck said. Bitcoin held for more than a year fell by about 356,000 BTC (-2.9%) over the month, pushing the long-term holder share of total supply below 60% for the first time in months.
The selling was concentrated in coins held one to three years, while the oldest holders — those sitting on coins for more than a decade — barely moved, down just 0.1%.
Coming into a period historically associated with bitcoin’s four-year boom-and-bust cycle, VanEck’s research points to 8 of 12 tracked capitulation signals currently flashing, consistent with the later stages of a drawdown.
Based on the length of prior cycles, the firm sees a bottom potentially forming anywhere between September and November of this year — though it cautions that the historical record of returns following similar signal clusters is mixed, and only shows a clear edge over a full one-year horizon.
For now, bitcoin’s story is less about direction and more about the unusual stillness of a market that, by its own history, rarely stays this quiet for long.
This post Bitcoin’s Wild Swings Go Quiet, Even as the Bears Won’t Let Go first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
