Bitcoin volatility is hovering within 6% of its all-time low.

Bitcoin (BTC) price saw little movement for 15 days leading up to a sharp decline on June 7, reaching historic lows seen over a full 15-day period in Bitcoin history.

According to Swan Bitcoin Chief Investment Officer Rapha Zagury, the period between May 24 and June 7 was “in the bottom 6% of occurrences” in terms of volatility.

“The blue horizontal line represents the most recent 15-day rolling volatility figure of 23%. It certainly seems close to the low level.” Zagury explained in a June 7 post on

Bitcoin prices plunged 3.33% to $69,264 after 15 days of trading within a 7% range, fluctuating between $66,936 and $71,656, according to CoinMarketCap data.

The plunge comes as the U.S. Employment Situation Summary report reported stronger-than-expected job growth. This is a sign that the US Federal Reserve may not be able to cut the inflation rate on June 11th. This is an indicator that analysts have been closely monitoring recently for their Bitcoin price predictions.

At the time of publication, Bitcoin is trading at $69,246.

Related: After the dip liquidated $1.3 billion worth of Bitcoin open interest, the BTC price settled at $69,000.

However, Zagury highlighted the consequences for the Bitcoin price during previous periods of similarly low or below volatility. The average return over the next 30 days was 20.95%, the minimum return was further reduced by 32.06%, while the maximum return was 218.40%.

The results are even more significant when we look at the 365-day passage since a previous similar period of low volatility. The minimum return for this period is 55.59%, but the average return is 820.82%.

Zagu reiterated that it is not any indication of the future, but simply believes there is “value in learning from the past.”

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This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.