Before the June 7 price decline, Bitcoin’s volatility over the previous 15-day period sat within “the bottom 6% of occurrences.”
Bitcoin’s (BTC) price had such little movement over the 15 days leading up to the sharp decline on June 7 that it approached historic lows seen across all 15-day periods in Bitcoin’s history.
The period between May 24 and June 7 was in the “bottom 6% of occurrences” for volatility, according to Swan Bitcoin chief investment officer Rapha Zagury.
“The horizontal blue line is the latest 15-day rolling volatility number of 23%. It certainly looks close to the lower level,” Zagury explained in a June 7 post on X, pointing to the extended period of time that Bitcoin was “stuck in a range.”