Are you interested in tracking the volatility of Bitcoin? Recently, the BitVol Index, created by T3 Index and LedgerX, experienced a decrease of 1.88%, dropping to 54.88 on October 9th, as reported by BlockBeats news. This index provides insights into the 30-day expected implied volatility based on tradable Bitcoin options prices. Implied volatility is determined by the actual prices of options, reflecting market participants’ perspectives and predictions for the future market conditions. By using the BS option pricing formula, the BitVol Index calculates volatility through substituting various parameters, excluding volatility σ. This measurement is valuable for understanding the market’s true volatility at any given time.
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