Bitcoin volatility drops to 1.81%

According to BlockBeats, on June 2nd, the volatility of Bitcoin fell back to 1.81%, maintaining near the average level at the end of February this year. BlockBeats note: High Bitcoin volatility is often associated with speculative trading and retail FOMO sentiment. When the volatility falls, it may mean a decrease in short-term speculators and the market enters a period of consolidation or 'cooling off'. In addition, Bitcoin price fluctuations are often linked to macroeconomic events such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, the volatility of Bitcoin may decrease accordingly.