Bitcoin Looks More Attractive as Volatility Falls

I believe Bitcoin is becoming more attractive as realized volatility recedes and its risk-adjusted returns improve. Reduced price swings make multi-month exposures easier to manage and can raise the asset's Sharpe ratio versus previous regimes.

I'm positioning incrementally: adding size through dollar-cost averaging and disciplined rebalancing, while trimming into sharp rallies. I also use small hedges or stop rules when appropriate to control drawdowns.

I remain watchful for macro shocks and regulatory headlines that could quickly reintroduce volatility, so position sizing and risk limits are essential.