According to CoinMeta, the volatility of Bitcoin has almost disappeared, but risks still exist. Although there has been no outflow of funds from Bitcoin this month, it attracted $754 million in the first week, and the current price of Bitcoin is stable at $64,700. The options market shows that investors are seeking protection at levels of $62,000 and $63,000, indicating some buying interest in the market, but confidence is limited. In the past 24 hours, 53.8% of options were sold, and the three most popular contracts were all sell options at $62,000 and $63,000. Despite the relatively low cost of protection, market expectations for future volatility remain low. A senior researcher Luke Deans stated that there are almost no expectations for the future from the market, and macroeconomic data will test this assumption. Economists predict that about 97,500 new jobs will be created in July, with the unemployment rate remaining at 4.2%.