Bitcoin's 'Post-Halving Drop' Rule Might Be Broken, Steady Bull Market Could Continue Data shows that previous Bitcoin halving periods were accompanied by significant price volatility, but this time the market seems unusually calm. Currently, Bitcoin's volatility is below 2%, at a historic low. Around the third halving in 2020, Bitcoin's volatility once exceeded 5%, but this time things have clearly changed. The rule of thumb for Bitcoin halving periods has collapsed, and a steady bull market trend might continue. With improved market liquidity, the influence of short-term trading by individual investors has weakened. It can be said that the self-fulfilling speculative sell-offs driven by the rule of thumb are no longer able to dominate the market.