According to Bloomberg, Bitcoin's latest decline is revealing a fundamental change: the kind of big swings that have attracted retail risk-takers in the past are waning, reflecting Wall Street's growing influence over the infrastructure of the crypto market.
While bitcoin has retreated by as much as 36 per cent since hitting record highs in early October, implied volatility remains subdued, a change that suggests the process of institutionalisation is reshaping the way risk is transmitted.
In its early days, Bitcoin's value was driven largely by speculation - traders hoping to profit from its frequent and large price swings.
Opinion: Bitcoin's current decline exposes the breakdown of the old market rules, but volatility remains moderate
2025-11-26 16:46:57
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