Bloomberg analyst: Bitcoin volatility has significantly decreased and is now approaching US stock levels

According to BlockBeats, on June 27th, Eric Balchunas, a senior ETF analyst at Bloomberg, posted on social media that "regarding the volatility of Bitcoin, the chart shows the ratio between the 60 day volatility of IBIT (Bitcoin Spot ETF) and the S&P 500 Index (SPX). A year ago, the volatility of IBIT was 5.7 times that of SPX, but now it is almost only slightly higher than 1 (which means its volatility is already similar to that of US stocks)