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Bitcoin fluctuations decreased to its lowest levels in several years

Bitcoin (BTC) fluctuations that were known for its short price swinging, had reached its lowest levels in the years. Although it is still high for traditional assets, analysts and industrial monitors now notice a major shift in the behavior of origin.

Ibit for spy fluctuations. Source: EricBalchunas

a plan subscriber Written by Eric Balmonas from Bloomberg, it reveals that the 60 -day fluctuations in ISHARES Bitcoin Trust (IBIT) for the S&P 500 (SPX) has decreased sharply, from 5.7 times higher than a year to 1.2826 only today, which represents a significant exit from the former and unexpectedly unstable Bitcoin styles.

The defeated fluctuations also drew the attention of technical analysts at Bitcoin. Comment on the current situation of the market, Cryptocon analyst books On x:

The origins of the new safe haven?

In the weekly market update, Binance Research I mentioned This bitcoin continues to show the signs of work as a hedge of Macro during geopolitical instability. Quoted from the Blackrock study from September 2024, the report indicates that Bitcoin has historically achieved an average return of 37 % in 60 days after the major geopolitical events dating back to 2020.

In the wake of the latest episode of geopolitical tension, Bitcoin has witnessed a rapid recovery, although analysts warn that it is still unclear whether this initial recovery would lead to a superiority of continuous performance.

BTC Return after the main geopolitical events. Source: Blackrock, Binance Research

Distinctive image via Shutterstock.

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