TechFlow reported that the BitVol (Bitcoin Volatility) Index, launched jointly by financial index provider T3 Index and options trading platform LedgerX, rose to 49.26 yesterday, marking a single-day increase of 8.07%. The EthVol (Ethereum Volatility) Index also rebounded to 62.73 yesterday, up 5.2% on the day.
The Bitcoin Volatility (BitVol) Index is a specific volatility index similar to the VIX (Volatility Index) in the stock market. It measures the expected 30-day price volatility of Bitcoin by calculating implied volatility from Bitcoin options markets. High volatility typically indicates nervous or unstable market sentiment, while low volatility suggests a more stable market environment.
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