Bitcoin has displayed a rare feat of stability, with its 5-day volatility falling below that of major traditional assets like Nasdaq, S&P 500 and gold, according to crypto research firm K33 (formerly Arcane Research).

Meanwhile, bitcoin's 30-day volatility currently sits near five-year lows — at levels only experienced for eight days since January 2019, K33 said in a research report published today. But when bitcoin's volatility becomes less intense, it has historically been followed by periods of high volatility, said the firm. This suggests that the current period of low volatility may soon come to an end, and we could see more significant price swings in the future.

"My short-term thesis is that the market's volatility pressure is about to climax and that an eruption is near," …