According to Bloomberg, Bitcoin Volmex’s implied volatility index dropped to 36.11 on Monday, the lowest since September last year and nearing its lowest level since 2023, reflecting decreased market expectations for 30-day Bitcoin volatility. Additionally, U.S. spot Bitcoin ETFs saw approximately $1 billion in net outflows in May, ending a two-month streak of net inflows. Caroline Mauron, co-founder of Orbit Markets, said retail interest is shifting toward other trading opportunities.
Bitcoin volatility hits nine-month low, U.S. spot ETFs record $10 billion net outflow
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Summary
Bitcoin volatility hit a nine-month low on Monday, with the Volmex implied volatility index dropping to 36.11. Bitcoin market volatility is now at its lowest level since late 2023. U.S. spot Bitcoin ETFs experienced a $10 billion net outflow in May, ending two consecutive months of inflows. Retail traders are increasingly seeking opportunities elsewhere, according to Caroline Mauron, co-founder of Orbit Markets.
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