The Bitcoin Volatility Index fell earlier this month to its lowest level since November 2018.
Last Sunday, the BTC volatility index fell to 0.028 points.
Last week, the largest digital currency fell below $ 10,500. Analysts linked the weakening of bitcoin to the attack of American regulators on the BitMEX exchange and the fall in the stock market after the hospitalization of President Donald Trump, who became ill with coronavirus.
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However, the negative trend did not dominate for long, and on Sunday, October 4, BTC began to strengthen again. Presently, the coin is close to $ 10,700. But the increase in value is still minimal. The range of Bitcoin price fluctuations over the past 30 days has decreased by 43%.
Open interest in bitcoin futures, according to the Skew service, after the release of news about the BitMEX exchange fell by 20%. Traders prefer to ditch long positions in favor of short play to minimize market risks.