Bitcoin's annualized seven-day implied volatility (IV), or the options market's forecast of a likely movement in the underlying asset, has declined to a two-year low of 38.2%, according to data source Amberdata.
The metric – often equated with the degree of uncertainty or fear – peaked at 145% on Nov. 9 and has been falling since, even as the FTX contagion spreads and experts fear a wave of miner bankruptcies.
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