The traditional market fear index rose, and the Bitcoin implied volatility index DVOL decreased
ChainCatcher news, according to CoinDesk, the stock and bond market volatility indexes VIX and MOVE in traditional financial markets have recently risen amid risk aversion. Compared to traditional markets, Bitcoin’s pullback once again stands out as showing little panic, with the Bitcoin Implied Volatility Index DVOL out of a divergent trend.
It is reported that the price of Bitcoin fell by 7% this month. And Deribit’s BTC DVOL Index fell from (annualized) 75% to 70%. This is a continuation of the pullback from about 80% of the March high, according to TradingView data.
Since 2023, Bitcoin’s Implied Volatility Index has been positively correlated with its price, rising alongside Bitcoin’s price rallies, typically characteristic of bull markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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