Bitcoin volatility index rose to 60.75 yesterday, with a daily increase of 3.76%.

BlockBeats reported on November 2nd that the BitVol (Bitcoin volatility) index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, rose to 60.75 with a daily increase of 3.76%. Note from BlockBeats: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by actual option prices. It is calculated using the B-S option pricing formula, with actual option prices and parameters other than volatility σ plugged into the formula to derive the volatility. The actual price of an option is formed by competition among numerous option traders, so implied volatility represents market participants' views and expectations of the market's future, making it the closest to the actual volatility at the time.