Bitcoin's 30-day implied volatility has slipped to 40% based on the BVIV index—marking the lowest point since October. What does this mean for the market? Simply put, traders are pricing in far less price swings than they were three months ago. It's a signal that market participants aren't expecting major turbulence in the near term. Volatility compression like this often precedes significant moves, so it's worth keeping on your radar if you're actively positioning in BTC.