Bitcoin Is Getting Boring, and That's the Bull Case, Says Market Analyst James Check

On October 27, Checkonchain founder and former Glassnode analyst James Check argued on the Honest Money Show that Bitcoin’s declining price swings are its strongest bullish signal. Glassnode data showed Bitcoin’s one-month realized volatility, a measure of 30-day price movement, had fallen to 25.2%, a level seen on only about 5% of days since 2015. Check pointed to JPMorgan, which added Bitcoin to its long-term capital market assumptions on October 19 and projected a 10% annual return, yet kept it out of model portfolios, citing unstable correlations and 55% historical volatility. Bitcoin had fallen about 54% from its $126,000 October 2025 peak to $58,379 on June 30.