The Bitcoin volatility index rose to 70.86 yesterday, with a daily increase of 1.65%

The BitVol index, launched by financial index company T3 Index in partnership with Bitcoin options trading platform LedgerX, rose to 70.86 yesterday, a daily increase of 1.65%.

 

Note: The BitVol index measures the expected implied volatility over the next 30 days derived from tradable Bitcoin 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 the formula to derive this volatility. 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 closest to real-time volatility at that time.