Lin Chen, head of Deribit Asia Pacific: The DVOL Bitcoin volatility index is around 70%, which is at a relatively high level

CoinVoice has recently learned that the "Web3 Insight Summit" conference co-organized by CoinVoice, RootData and Oak Grove Ventures was held today at the Renaissance Harbour View Hotel in Hong Kong. At the conference, Lin Chen, head of Asia Pacific at cryptocurrency options exchange Deribit, delivered a speech entitled "Deribit: Options Data Indicators and Hedging".

Lin Chen explained the significance of multiple options data indicators of Deribit and shared how to use options data indicators to guide trading. Among them, the DVOL Bitcoin volatility index is around 70%, which is at a relatively high level. It means that the expected high of Bitcoin in the future is 1.7 times the current price, and the low is 1.3 times the current price. The price of Bitcoin fluctuates greatly.

Lin Chen said that through Deribit's multiple options data indicators, users can obtain substantial and stable returns.

The "Web3 Insight Summit" is hosted by CoinVoice and is dedicated to gathering the world's most thoughtful and innovative Web3 veterans to provide more constructive thinking for the industry, present more industry insights, and help Web3 move towards the mainstream. [Original link]