The eruption in Holuhraun is over and nothing has been happening the crater for the past three weeks. This does not mean the deflation is over in Bárðarbunga volcano. Currently Bárðarbunga volcano continues to deflate at the rate of 2cm/day, total deflation since 31-August-2014 is around 60 meters. All this deflation has started to move the glacier inside the caldera, creating what appears to be inflation, that change in the glacier, that inflation is 1,5cm/day. That inflation should be 3-4cm/day according to Icelandic Met Office, so the difference is the deflation taking place. Currently the GPS sensor inside Bárðarbunga volcano caldera is not working so the only way to monitor this deflation is to continue to fly over the glacier and measure it that way. Next scheduled flight for Bárðarbunga volcano is going to take place after Easter.
News in Icelandic
Bárðarbunga hefur sigið um 60 metra (Rúv.is)