--- title: "Bitcoin’s Volatility Falls To Multiyear Low" type: "News" locale: "en" url: "https://longbridge.com/en/news/296365890.md" description: "Bitcoin's volatility has hit a multiyear low as it trades rangebound between $61,500 and $66,900 for six weeks. Muted trading coincides with surging global bond yields, which pressured stocks like the Nasdaq 100. Open interest dropped to $21.8 billion, indicating unwinding positions. Analysts cite a lack of near-term catalysts, such as stalled U.S. crypto legislation, and resistance at $65,000, preventing BTC from breaking out despite stabilizing after its recent decline." datetime: "2026-08-19T13:46:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296365890.md) - [en](https://longbridge.com/en/news/296365890.md) - [zh-HK](https://longbridge.com/zh-HK/news/296365890.md) generator: "portal-rs" --- # Bitcoin’s Volatility Falls To Multiyear Low Bitcoin’s (BTC) volatility has fallen to a multiyear low as the largest cryptocurrency remains rangebound. Bitcoin has now been stuck trading between $61,500 U.S. and $66,900 U.S. for six weeks, or since July 8 of this year. Trading in BTC remains muted as global bond yields surge, pressuring stocks. The U.S. 30-year Treasury hit 5.333% this week, its highest level in nearly 20 years, and Japan’s 10-year yield climbed to a 30-year high. The slide in bond prices, which move in the opposite direction to yields, pushed the Nasdaq 100 stock index down 1.3% on Aug. 18. The situation has left Bitcoin and other cryptocurrencies languishing and stuck in a tight trading range. Open interest in Bitcoin has drifted lower to $21.8 billion U.S., down from a peak of $23 billion U.S. seen on Aug. 11. The decline in open interest suggests that investor positioning in Bitcoin is being unwound rather than built. Another issue for Bitcoin, say analysts, is a lack of near-term catalysts for the cryptocurrency, especially after the U.S. Clarity Act crypto legislation failed to advance in Congress. Bitcoin’s price fell from an all-time high of $126,000 U.S. last October to a bottom of $58,000 U.S. at the end of June this year. 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