On October 27th, the BitVol (Bitcoin volatility) index launched by financial index company T3 Index and Bitcoin options trading platform LedgerX rose to 60.2, with a daily increase of 1.9%.
Note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices.
The actual price of the option is formed by the competition of many option traders. Therefore, implied volatility represents the market participants' views and expectations of the future market, and is regarded as the most accurate measure of the true volatility at that time.
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The Bitcoin Volatility Index rose to 60.2 yesterday, with a daily increase of 1.9%
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