On May 19, Bitcoin's volatility slightly rose to 1.90%, maintaining an upward trend for four consecutive days.
High Bitcoin volatility is often associated with speculative trading and retail FOMO sentiment. When volatility decreases, it may indicate a reduction in short-term speculators, and the market may enter a consolidation or "cooling-off" period. Additionally, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may decrease accordingly.