[Bitcoin Volatility Nears 2023 Low, Crypto Market Enters 'Calm Breather'] BlockBeats News, May 26: Bitcoin's implied volatility has significantly dropped to a nine-month low. The Bitcoin VIX Index (reflecting 30-day implied volatility based on options pricing) fell to 36.11, the lowest since September last year and close to the lowest point in 2023. Weak trading activity, combined with speculative funds shifting from Bitcoin to other assets, has reduced the demand for options protection. Bitcoin's price has also retreated to levels near its lows from last September. The overall crypto market is exhibiting a 'breather' state, with market sentiment relatively calm, and short-term volatility is expected to remain at low levels. [Original Link]