Volatility increases as more people buy and sell in the market. When the buy and sell orders are full, there is a high probability that prices will move quite drastically. There are people who take profits. And then there are people who shop in the market. This makes the price of Bitcoin extremely volatile.
But price is currently moving in a fixed, barely volatile, range. Some even call this the low point of the market. The Bitcoin price has lost a lot of momentum and still managed to hold above $30,000.
Bitcoin recently experienced a decline in the number of active Bitcoin addresses. This has obviously contributed to the stagnation of volatility levels. There is not much movement in the market right now.
