Bitcoin’s Volatility Index Soars: What It Means for the Market

The cryptocurrency market is buzzing with a significant development: Bitcoin DVOL, or Deribit Volatility Index, has surged. This crucial indicator, measuring the implied volatility of Bitcoin options on the Deribit exchange, recently jumped to 37 from 26% just last week. This dramatic increase signifies that traders are anticipating larger price swings in the near future, indicating a period of heightened Bitcoin volatility. So what does this mean for the future of Bitcoin price action? 🧐