Recently, JPMorgan stated in its latest research report that the actual volatility of Bitcoin prices (measured by the 30-day realized volatility) has fallen to its lowest level since November 2020. The bank noted that the actual volatility of Bitcoin has dropped to a level of 34%, significantly lower than the average level of 76% in November of last year.

JPMorgan believes that the decline in Bitcoin volatility reflects the maturity of the asset market. With the participation of more institutional players, the liquidity and efficiency of the Bitcoin market have improved.

However, the bank also stated that the low volatility of Bitcoin does not mean that its risks have been eliminated. On the contrary, this may be the result of low market sentiment and a decrease in trading volume. JPMorgan warned that if market sentiment were to change suddenly, the volatility of Bitcoin could quickly rise again.

In addition, JPMorgan also pointed out that despite the decline in Bitcoin's volatility, its correlation with traditional assets remains high. This means that Bitcoin may not be able to provide effective diversification for portfolios.

In the end, the bank advises investors to remain cautious when considering Bitcoin investments and to closely monitor market changes. Although the decrease in volatility may attract more investors, the uncertainty in the Bitcoin market still exists.