Bitcoin's price volatility has reached its lowest point in over a year and a half, signaling the cryptocurrency's maturation as a global financial asset. According to K33 Research, Bitcoin's weekly volatility dropped to a 563-day low on April 30. This decrease in volatility suggests a more stable price trajectory for the digital asset.

Source: Vetle Lunde

Bitcoin's market capitalization has surged to $1.87 trillion, positioning it as the seventh-largest asset globally, surpassing Silver, Meta, and Saudi Aramco, according to Companiesmarketcap.

Analysts from Bitfinex have observed a significant decline in Bitcoin exchange deposits, indicating reduced selling pressure and increased long-term holding behavior among investors. This trend coincides with substantial inflows into Bitcoin exchange-traded funds (ETFs), notably BlackRock's ETF, which recorded $970 million in investments on April 29, marking its second-largest day of inflows.

In light of these developments, BitMEX co-founder Arthur Hayes has reiterated his bullish outlook, predicting that Bitcoin could reach $1 million by 2028. Hayes attributes this potential surge to aggressive monetary policies and growing institutional interest in the cryptocurrency. He emphasized the impact of U.S. Treasury buybacks as a catalyst for Bitcoin's price appreciation, suggesting that current price levels may represent a final opportunity to acquire Bitcoin below $100,000.