Grayscale, a major US cryptocurrency asset manager, noted in its report dated the 17th that the Bitcoin (BTC) market has stabilized this summer, a stark contrast to the early 2026 fluctuations. The trading volume of spot Bitcoin and its realized volatility have dropped to cyclical lows, and the market's response to news has also become sluggish, according to the analysis.
The pricing in the options market also reflects this calm, with one-month implied volatility dropping to 32%. The average since the beginning of the year...