What method of tracking volatility are you looking at because all the ones I've tried on http://bitcoincharts.com/ at the all data length show an increase in volatility.
(Tried Chaikin Volatility, Donchian Channel, ATR, and Bollinger Band)
http://bitcoincharts.com/charts/bitstampUSD#tgTzm1g10zm2g25z...
Chaikin Volatility goes down imho. I do not really know what the others mean. Are they adjusted for volume?
I don't think it actually goes down. Look at Jan 12 to Jan 13. Then look at Jan 13 to Jan 14. There is definitely a lot more volatility during the second period.
The others largely measure average price spread using slightly different means from each other.
A linear regression on the volatility line is clearly going down:
http://btcmag.9wizards.netdna-cdn.com/wp-content/uploads/201...