According to ChainCatcher, citing Bloomberg, Bitcoin volatility has fallen to a nine-month low, indicating a market respite. During Asian trading hours, the Bitcoin Volmex Implied Volatility Index (EVI) fell to 36.11 on Monday, its lowest level since September of last year and approaching its lowest level since 2023. This index reflects the market's expected 30-day Bitcoin volatility through real-time crypto option prices. Furthermore, US spot Bitcoin ETFs saw net outflows of approximately $1 billion in May, reversing a two-month streak of net inflows, suggesting cooling investor demand.
Orbit Markets co-founder Caroline Mauron stated that retail investor interest is shifting towards other trading opportunities. Rajiv Sawhney, Head of International Portfolio Management at Wave Digital Assets, noted that volatility selling has become one of the hallmark trades recently, with long-term holders, miners, and large funds generating returns from their holdings by selling volatility for Bitcoin, which lacks intrinsic returns.
