ChainCatcher news, according to CoinDesk, data tracked by Bitfinex analysts shows that since the Bitcoin blockchain implemented the mining reward halving on April 20, the monthly VRP (Volatility Risk Premium) has plummeted from 15% to 2.5%.It is reported that the VRP calculation is based on the gap between Volmex's 30-day implied volatility index for Bitcoin (BVIV) and the 1-month realized volatility (VBRV).Analysts stated, "The significant narrowing of the VRP indicates that market expectations are being recalibrated to adapt to a more stable and predictable environment post-halving. The market consensus seems to be that future volatility may be lower than previously expected after the halving. In other words, uncertainty has diminished, and market participants anticipate a more predictable market condition."