Yesterday, the Bitcoin Volatility (BitVol) Index surged to 53.13, signaling a slight increase of 0.04%, according to BlockBeats on September 28. Launched by T3 Index and LedgerX, BitVol reflects the 30-day expected implied volatility of Bitcoin, based on tradable option prices.
Implied volatility, calculated using the Black-Scholes option pricing formula, is driven by market competition and represents traders’ views on future BTC price movements. With this rise, market participants expect more price swings ahead. Will Bitcoin experience major shifts in the coming weeks? Traders are bracing for action!
