Bitcoin has shown a significant decrease in volatility over recent weeks, garnering attention from analysts amid geopolitical conflicts.
Declining Bitcoin Volatility
As of June 23, Bitcoin's 60-day realized volatility hovers around 27-28%, lower than the S&P 500 (~30%) and Nasdaq 100 (~35%). This decline is notable given the escalating tensions in the Middle East, particularly after US bombings in Iran. Historically, such geopolitical events have led to more drastic price swings.
Increase in Long-Term Holders
The number of long-term Bitcoin holders has reached a record high of 14.53 million BTC, accounting for nearly 70% of the maximum 21 million supply. This indicates that many investors are holding onto their assets, reducing the circulating supply of Bitcoin.
Bitcoin Price Predictions
Analysts expect Bitcoin to continue rising alongside increasing institutional demand and central bank money printing. Some predict that Bitcoin's price could reach as high as $150,000 by the end of 2025.
The decline in Bitcoin's volatility and the increase in long-term holders indicate its maturity as an asset. Despite geopolitical risks, analysts remain optimistic about future price movements.
