The BTC volatility index has been continuously rising to 69.71 over the past month, with a monthly increase of 18.29%

The BitVol index rose to 69.71 yesterday, continuing its upward trend over the past month, with a gain of 18.29% in the last 30 days. Note: The BitVol Index measures the expected implied volatility for the next 30 days derived from tradable BTC option prices. Implied volatility refers to the volatility implied by actual option prices. It is calculated using the B-S option pricing formula, substituting all parameters except for volatility σ into this formula to derive this volatility value. The actual price of an option is formed through competition among many options traders; therefore, implied volatility represents market participants' views and expectations about future market conditions and is considered as closest to real-time volatility at that moment.