Bitcoin Volatility Index dropped to 66.32 yesterday, representing a daily decrease of 0.29%.

BlockBeats News, November 24th, the BitVol (Bitcoin Volatility) Index launched by financial index company T3 Index in conjunction with options trading platform LedgerX dropped to 66.32 yesterday, with a daily decrease of 0.29%.

BlockBeats Note: The BitVol Index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It is the volatility deduced by inputting the actual option price and parameters other than the volatility σ into the B-S option pricing formula.

The actual price of the option is formed by the competition of many option traders. Therefore, implied volatility represents market participants' views and expectations of the market's future, making it considered the closest to the actual volatility at that time.