Bitcoin’s current rally is taking place amid unusually low volatility, according to a new analysis from Ecoinometrics. This week, volatility fell to a decade low, signaling an “exceptionally quiet bull run.”
For example, from late 2024 to July 2025, the price of the flagship crypto asset rose from around $70,000 to over $115,000. What’s unusual is that such a significant increase occurred without the extreme price fluctuations that have occurred in the past. This suggests that the Bitcoin market is becoming more stable and predictable.
Additionally, the CME VIX (volatility index) declined in July, consistent with the seasonal pattern that typically precedes the August surge in volatility.
The main reason for the low volatility is likely that large companies and professional investors are involved in the market. Their participation helps to contain the volatility caused by speculation.
As BTC matures into a more mature asset class, its increased liquidity (backed by capital supported by ETF, and corporate reserves) makes it less susceptible to sharp price swings caused by panic among retail investors.