The Bitcoin Volatility Index rose to 78.81 yesterday, close to the highest value in a year

BlockBeats news, on March 6, the BitVol (Bitcoin Volatility) Index launched by the financial index company T3 Index in conjunction with the Bitcoin options trading platform LedgerX rose to 78.81 yesterday, only lower than the highest record in a year of 79.92 set on March 4. BlockBeats Note: The BitVol Index measures 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It uses the B-S option pricing formula to derive the volatility by substituting the actual price of the option and other parameters except volatility σ into the formula. The actual price of options is formed by competition among many option traders. Therefore, implied volatility represents market participants’ views and expectations for the future of the market, and is thus considered to be closest to the true volatility at that time.