Two Ways This Bitcoin Bull Market is Sturdier Than 2020-21 and 2017

Bitcoin BTC has long been criticized for its high volatility, with bull runs marked by sudden, sharp pullbacks that would qualify as full-blown bear trends in stocks.However, the latest bull market, which kicked off in early 2023, feels different in a positive way, exhibiting relatively low volatility and drawdowns.Volatility in downtrendAccording to data tracked by Glassnode, bitcoin's realized volatility on a three-month rolling basis has averaged less than 50% during this bull cycle, significantly lower than the 80% to 100% observed during previous bull runs.The same thing can be said about the 30-day implied volatility, tracked by Volmex's BVIV index, which has been in a downtrend, according to data source TradingView source: https://www.coindesk.com/markets/2025/05/30/two-ways-this-bitcoin-bull-market-is-sturdier-than-2020-21-and-2017