According to Bloomberg, the Volmex Bitcoin Implied Volatility Index, which measures the expected volatility of Bitcoin over the next 30 days, dropped to 36.11, hitting a 9-month low and approaching the lowest level since 2023. The report states that the US spot Bitcoin ETF has net outflows of approximately $1 billion so far in May, with market trading activity and speculative demand both cooling down.

BTC-1.73%
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