Volatility describes the magnitude of price changes over time. Realised volatility looks backward at observed moves; implied volatility infers expectations from options prices where liquid markets exist.
Bitcoin exhibits clustered volatility: calm periods can precede abrupt expansions. Risk frameworks stress position sizing and liquidity windows rather than directional slogans.
Correlation with macro factors shifts across regimes. Document the sample period whenever citing a correlation statistic.
Educational content only. Past volatility does not cap future tail events.
Educational only · not investment advice · Risk disclosures