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Bloomberg: The recent fall of Bitcoin has exposed the break of old market rules, yet the Fluctuation remains mild.

On November 27, Bloomberg reported that the latest round of Bitcoin's fall is revealing a fundamental change: the significant fluctuations that once attracted retail investors are diminishing, reflecting Wall Street's increasing influence on the crypto market's infrastructure. Although Bitcoin has dropped as much as 36% since reaching an all-time high in early October, implied volatility remains suppressed. This change indicates that the process of institutionalization is reshaping the risk transmission of the Token. In the early days, Bitcoin's value was primarily driven by speculation—traders hoped to profit from its frequent large price fluctuations.

BTC3.66%
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