On March 22nd, according to data released by Deribit official personnel, BTC's volatility index DVOL has dropped to 47. In the past year, 96% of the time DVOL was greater than the current value, with a high of 92 and a low of 41. A significant drop in volatility indicates that the market believes BTC will not experience a sharp decline or rise, but will trade sideways for a period of time.
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