Definitely good to see that bitcoin volatility is going down.
Shouldn't really come as a surprise to anyone given the recent influx of funds from institutional investors. They are much more likely to hold for long periods of time and not play the markets for the short run.
After seeing the recent big drop in the price, I don't think that the volatility in the price is falling. It is the opposite and we can witness really interesting price changes. For example, Bitcoin price plummeted by 10k dollars recently in only half an hour. And I must admit that it was really scary as we witnessed such thing for the first time I guess. I think this proves that we will never see a change in Bitcoin's volatility in the future also.
But how often are you seeing these dumps now? Compared to a decade ago when flash crashes were so rampant.