$BTC
The implied volatility index Volmex (e.g., BVIV Index, EVIV Index, etc.) is designed to measure the expected continuous volatility level over 30 days of the Bitcoin and Ethereum options market (and other future assets), calculated from real-time cryptocurrency call and put options. Use the indices to monitor cryptocurrency volatility or trade related derivative products.
On the chart, we see the current index for BTC and the next one for ETH.
The higher this index, the greater its volatility and vice versa.
According to the chart in the image, it is for BTC and ETH. Currently, we see the Bull (Increase) and Bear (Decrease) indices on the chart moving out of phase with each other; if these indices intersect, it indicates a period of contention between buying and selling pressure.
At the current stage, buying pressure is dominating.
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Last updated: Sun, Nov 24, 2024
@Bitcoinboy-8686
(Personal analysis and sharing information, not financial advice)