Bitcoin: volatility at its lowest in the last nine months
The post Bitcoin: volatility at its lowest in the last nine months appeared on BitcoinEthereumNews.com. The implied volatility of the price of Bitcoin has reached its lowest level in the last nine months. After shooting up in February, during the crash that brought the price of BTC down to $60,000, it began a long process of easing that seems to still be underway. This goes hand in hand with the loss of interest from retail investors. Bitcoin volatility There is an index, called BVIV, that specifically measures the implied volatility of the price of Bitcoin. It is essentially the equivalent of the VIX, which measures the volatility of the S&P 500 stock market, applied to Bitcoin. In particular, it reflects the market’s expectations of Bitcoin’s future volatility over the next 30 days, calculated from BTC options prices. When the value of the BVIV index is high, it means that the market is pricing in strong future price movements in both directions, that is, uncertainty or fear. Whe