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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 —…
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