🔥 Bitcoin volatility falls below Korean stocks as market narrative shifts Bitcoin’s 30-day annualized volatility has dropped to 40%, while South Korea’s KOSPI index volatility has surged above 45%. Crypto assets are shedding their “high-risk, high-volatility” label, as traditional markets grow more turbulent amid cooling AI enthusiasm. The logic behind capital flowing from AI into crypto is being repriced. After Nvidia and SK Hynix were sold off, capital did not simply flow back into Bitcoin—it shifted into more complex rotation patterns, with on-chain leverage-driven liquidations accelerating in tandem with the KOSPI’s volatility spike. Coinbase’s Bitcoin negative premium has hit a record 60 consecutive days, and long-term holders continue selling at a loss. The market lacks spot buying support, and rallies are largely driven by short covering. Lower volatility does not mean reduced risk—it signals liquidity crunch and structural misalignment. If Bitcoin is no longer the most volatile asset, can the “digital gold” narrative still hold? The market may be searching for the next source of volatility—on-chain stock derivatives or tokenized assets. $btc #defi #rwa #onchaindata #ai #btc #blockchain #cryptomarket #crypto #web3