Bitcoin’s one-year realized volatility was about 42% at the end of the second quarter, near multi-year lows, according to ARK data cited by Unfolded on X. The metric, which measures actual price swings over the prior 12 months rather than derivatives-based expectations, remained subdued even as Bitcoin prices trended lower and stayed weak during Q2. Market participants often view such low realized volatility as a sign of a calmer spot market, though the pattern may also reflect a maturing asset or temporarily suppressed trading ranges ahead of a larger move if a new catalyst emerges.