The BTC volatility index dropped to 74.51 yesterday, a daily decrease of 1.79%

The BitVol (BTC Volatility) Index dropped to 74.51 yesterday, a daily decrease of 1.79%. Note: The BitVol Index measures the expected implied volatility over the next 30 days derived from tradable BTC option prices. Implied volatility refers to the volatility implied by the actual option price. It is calculated using the B-S option pricing formula, substituting all parameters except for volatility σ into the formula to derive this volatility. The actual price of an option is formed through competition among many options traders, therefore, implied volatility represents market participants' views and expectations about future markets and is considered as closest to real-time volatility at that time.