According to The Block's findings, Bitcoin's 60-day volatility is now the lowest since the end of 2016. Moreover, Bitcoin's volatility is experiencing the steepest yearly decline in the history of Bitcoin's existence. Bitcoin's volatility notoriously increased last year for the first time since 2013. In all the other years, volatility has been on the downtrend as seen in the graph. Waning volatility could indicate that the market is becoming less speculative, which is nothing but good news for the future of the ecosystem.