Bitcoin Volatility Index Falls to 61.51 Yesterday, Down 0.79% in a Single Day
The BitVol (Bitcoin Volatility) Index, launched by financial index company T3 Index in conjunction with options trading platform LedgerX, fell to 61.51 yesterday, a one-day drop of 0.79 percent.
Note: The BitVol Index measures 30-day expected implied volatility derived from tradable bitcoin option prices. Implied volatility is the volatility implied by the actual option price. It is the volatility inverted using the B-S option pricing formula by substituting the actual option price and parameters other than volatility σ into the formula.
The actual price of an option is formed by the competition of many option traders, therefore, the implied volatility represents the market participants' views and expectations about the future of the market, and thus is considered to be the closest to the true volatility at that time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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