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Bitcoin volatility falls as summer trading volume drops

VanEck research shows 30-day realized volatility at 27.2% annualized, and spot volume down 27% to the 10th percentile of its history.

Reported · Written up by our desk · Market Structure

Bitcoin volatility has cooled during the summer, according to new research cited by Bitcoin Magazine, with 30-day realized volatility falling to 27.2% annualized from 30.4% the prior month. The outlet notes the level is far below bitcoin’s long-run average of roughly 80%.

Bitcoin has also been trading in a relatively tight range, holding inside a $62,265-to-$66,509 band through most of July after a June low near $58,500. The cryptocurrency remains about 9% below its 200-day moving average, which is a smaller gap than the 14% discount seen a month earlier, and it is still roughly 49% below its all-time high.

Trading activity has followed the same pattern of slowdown, with spot volume over the trailing 30 days down 27% from the prior month, according to VanEck as reported by Bitcoin Magazine. The level landed in the 10th percentile of bitcoin’s own history, and the research said the summer decline is deeper than in 2024 or 2025, pushing spot volumes toward levels last seen in the 2023 bear market.

The report also points to changes in holder behavior, saying longtime holders have begun letting go of coins. Bitcoin held for more than a year fell by about 356,000 BTC, or 2.9%, over the month, reducing the long-term holder share of total supply below 60% for the first time in months, while holders with coins for more than a decade reportedly changed by just 0.1%.

Latest closeBitcoin $64,651.43 ▲0.2%

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