I believe that this market has never been characterized by great stability, because unlike institutional markets, the crypto market has been much more susceptible to experiencing large inflows or outflows of capital according to the rumors or the emotional aspect of the investors.
And personally I do not think this will change much in the medium term, because the decentralized aspect of the market prevents it from being intervened by regulatory authorities that prevent the speculative manipulation of prices.
Bitcoin is decentralized but it doesn't stop regulation. Governments would just put regulation in different terms, look it up, you'll understand.
This stability is rather more concerning than being a good thing. Its very weird, because volatility isn't affecting much,surprisingly. Stability might make people assume that bitcoin is being widely adopted,whilst that isn't the case. P.S, a car dealership accepting bitcoin doesn't make bitcoin a fully-fledged adopted currency.