$BTC "Bitcoin Volatility Index Reaches Two-Month Low, Signaling Market Calm"
The Bitcoin Volatility Index, as reported by BlockBeats, hit a two-month low today, April 27th.
This index, created by T3 Index in partnership with LedgerX, fell to 58.17, marking a 3.9% decrease from the previous day. This index tracks the expected implied volatility derived from Bitcoin option prices traded on LedgerX.
Implied volatility is essentially the market's forecast of future price fluctuations, as inferred from the current option prices. It's a valuable metric because it reflects the collective sentiment and expectations of market participants.