Binance CEO says Bitcoin volatility matches broader markets amid 35% decline

47 minutes ago

Richard Teng, the CEO of crypto speech Binance, reportedly said Bitcoin’s volatility aligns with that seen successful astir large plus classes.

According to a Friday Reuters report, Teng said during a media roundtable successful Sydney that each plus classes spell done antithetic cycles and volatility. “What you’re seeing is not lone happening to crypto prices,” helium claimed.

Teng besides explained that Bitcoin’s caller driblet was driven by investors deleveraging their positions and by hazard aversion, which is successful enactment with trends crossed astir large plus classes. “At this constituent successful time, there’s a spot of hazard (off) and deleveraging happening,” helium reportedly said.

At the clip of writing, CoinMarketCap data shows Bitcoin trading conscionable supra $82,000 — astir 35% down from its Oct. 6 all-time precocious of implicit $126,000. The full crypto marketplace headdress is astatine $2.84 trillion, down 33.6% from an all-time precocious of $4.28 trillion.

Healthy marketplace action

Teng noted that, contempt the decline, Bitcoin is trading astatine much than treble the terms it was changing hands astatine successful 2024. “Over the past 1.5 years, the crypto assemblage has performed very, precise well, truthful it’s not unexpected that radical bash instrumentality profit,” helium reportedly said.

“Any consolidation is really steadfast for the industry, for the manufacture to instrumentality a breather, find its feet.”

Is Bitcoin’s volatility successful enactment with accepted markets?

Still, Teng’s assertion that Bitcoin’s volatility is not higher than that of astir large plus classes stands retired arsenic antagonistic to what is apt the astir communal presumption connected the matter. So acold successful 2025, the 60-day BTC-USD volatility marker has ranged from a mates of short-lived dips astir 1% to peaks of astir 2.44%, according to BitBo data.

This follows information intelligibly showing that Bitcoin’s historically astronomical volatility is falling arsenic it gains successful adoption and liquidity. September 21Shares probe shows that successful 2013, the annualized volatility reached an all-time precocious of 181% and this twelvemonth it dipped arsenic debased arsenic 23%.

Furthermore, 21Shares’ illustration comparing Bitcoin to the S&P 500 shows that during this year’s marketplace turmoil, the S&P 500’s annualized volatility concisely surpassed Bitcoin’s. Still, this lone happened during a play of uncharacteristically precocious volatility successful accepted markets that has since fallen disconnected a cliff.

At the clip of writing, V-Lab information shows that Bitcoin has an annualized volatility of good implicit 50%, portion the S&P 500 is conscionable implicit 15%. Still, successful the tech space, determination are so stocks that are much volatile than Bitcoin.

Vehicle shaper Tesla’s annualized volatility presently stands astatine implicit 65%, spot shaper AMD’s astatine implicit 73%, and server shaper Super Micro Computer is astatine 73%. Government quality bundle supplier Palantir is besides seeing 63% volatility. However, those are outliers successful accepted finance.

Magazine: Bitcoin whale Metaplanet ‘underwater’ but eyeing much BTC: Asia Express

View source