PANews reported on November 1st that, according to Nikkei, while past Bitcoin halvings have been accompanied by significant price volatility, this time the market has been remarkably calm. Data analytics website CoinGlass shows that Bitcoin's volatility is currently below 2%, at an all-time low. Around the time of the third halving in 2020, Bitcoin volatility exceeded 5%, but this time the situation has changed significantly. Keiji Maeda, an executive at the Japanese crypto company Backsea, believes that the rule of thumb for Bitcoin halvings has broken down, and a stable bull market may continue. With increased market liquidity, the influence of short-term trading by individual investors has weakened, meaning that speculative trading driven by the self-fulfilling prophecy of the rule of thumb is no longer able to sway the market.