Bitcoin volatility has fallen to 2.66%, after declining for eight consecutive days.

BlockBeats news, on April 21, according to Coinglass data, Bitcoin volatility has dropped to 2.66%, after falling for eight consecutive days. High Bitcoin volatility is often associated with speculative trading and retail investor FOMO sentiment. When volatility decreases, it may indicate that short-term speculators are reducing their activity, leading the market into a consolidation phase or a "cooling off period." Additionally, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may also decrease.