Bitcoin Volatility Hits 20-Month Low Amid Institutional Demand

Bitcoin's volatility has reached a 20-month low, with its "at-the-market" implied volatility metric, which tracks expected price swings over various timeframes, dipping to its lowest level since October 2023. This period saw Bitcoin trading at approximately a third of its current price, highlighting the reduced price volatility in the market. The decline in volatility is accompanied by a slowdown in on-chain activity, with monthly transactions on the Bitcoin network falling by 15% in June compared to May, reaching their lowest point since October 2023. This slowdown has been so pronounced that miners have had to include abnormally low-fee transactions in blocks to maintain network activity.

Despite this muted on-chain activity, US spot Bitcoin ETFs continue to hit new records. These funds drew over $1 billion in net inflows across just two days last week, pushing the cumulative total near the $50 billion mark. In total, these ETFs now hold approximately $137.6 billion worth of BTC, a record high. Publicly traded companies have also ramped up their Bitcoin purchases, adding around 65,000 BTC, valued at roughly $7 billion, in June. Although on-chain metrics remain subdued, a shift in network dominance toward institutional investors and whales is evident, as high-value transactions become more common. This trend suggests that institutional demand may be decoupling from retail activity on-chain.

Amid this backdrop, Rich Dad Poor Dad author Robert Kiyosaki has pushed back against rising bearish sentiment. With Bitcoin struggling to break through the $109,500 resistance level, some traders are bracing for a correction down to $90,000. However, Kiyosaki remains unfazed, dismissing crash warnings as fear tactics aimed at shaking out weak hands. He reaffirms his long-term bullish stance, stating that any sharp correction in BTC should be seen as a fresh buying opportunity. Kiyosaki maintains his bold prediction that Bitcoin could reach $1 million by 2030. His latest remarks come amid heightened market volatility and growing uncertainty over Bitcoin’s short-term direction.

Kiyosaki is placing his bets on silver in the near term, forecasting a potential 3x surge to $105 by year-end. He continues to say that any Bitcoin dip could be an opportunity to buy for the long term. Currently, the BTC price faces rejection at $109,500, while macro factors like the falling US Dollar Index support the upside. This analysis underscores the complex dynamics at play in the cryptocurrency market, where institutional interest and reduced volatility are shaping the landscape.