Analyst: BTC volatility has fallen 56% since March

On-chain analyst Axel Adler Jr. stated that Bitcoin's realized volatility, based on a 30-day moving average, has dropped by over 56% this quarter, falling from around 39 in early March to a current level of 17. He analyzed that the market has now entered a high-compression accumulation phase, characterized by both low volatility and a slowdown in premiums. Adler also explained that the Delta indicator, which reflects changes in market premiums, has been negative for six consecutive months, suggesting that market expectations are cooling. However, he added that the likelihood of a significant directional move is increasing, with an expansion in volatility expected in the future.