The current volatility of the leading cryptocurrency is about half of what it was five years ago, even after a recent decline. This was noted by analysts at Charles Schwab.
In 2025, Bitcoin's historical volatility (HV) was at 42%. In 2021, it was around 80%.
During the same period, the average true range of the digital gold's price (ATR/P) also halved, from 6.8% to 3.4%.
Bitcoin's HV is now lower than that of some stocks in the Magnificent Seven, such as Nvidia (50%) and Tesla (63%), and is not far off from silver futures (38%).
Analysts also pointed out that over the last three years, Bitcoin's deepest drawdown was 50%. In comparison, Tesla's maximum drop was 54%, while Nvidia's was 37%.
“Looking at the five-year picture, the scenario is somewhat different. All three assets saw sharp declines during the 2022 bear market, with Bitcoin dropping the most—77% from peak to trough. For comparison, Tesla fell 74%, and Nvidia 66%,” added Charles Schwab.
Experts noted that at the end of 2025 and the beginning of 2026, Bitcoin investors experienced the largest drawdown in several years, with the coin losing nearly half its value.
Although since then, the first cryptocurrency has stabilized in terms of volatility, analysts clarified that it is still capable of sharp fluctuations.
In the cryptocurrency markets, Bitcoin's relative stability has become more pronounced. Meanwhile, Ethereum continues to trade with greater volatility and deeper drawdowns.
Charles Schwab concluded that the “evolution” of digital gold reflects its increasing integration with traditional financial structures.
Additionally, an analyst using the pseudonym Darkfost reported a significant outflow of funds from cryptocurrency exchanges, indicating a shift of investors into an accumulation phase.