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According to BlockBeats news on May 8, data from Coinglass shows that Bitcoin volatility has dropped to 2.34%, marking a downward trend for three consecutive days. High Bitcoin volatility is often associated with speculative trading and retail investor FOMO sentiment. When volatility decreases, it may indicate a reduction in short-term speculators, leading the market into a consolidation phase or a "cooling period." Additionally, Bitcoin price fluctuations are often linked to macroeconomic events, such as inflation expectations, interest rate changes, or geopolitical risks. When these external factors stabilize, Bitcoin's volatility may also decrease. #BTC #PI #ETH