Bitcoin’s low volatility doesn’t necessarily mean low risk

60-second summary

Bitcoin's low volatility is being observed, with a 14-day historical volatility of 30.6% and a 7-day average price change of 1.4% daily. This relatively stable price action has led to a decrease in open interest, from 1.2 million to 1.1 million contracts, indicating a potential shift in market sentiment. Market participants are cautiously optimistic about the current market conditions.