November 28th, the #BitVol (BitcoinVolatility) Index launched by financial index company T3 Index in collaboration with the options trading platform LedgerX dropped to 63.51 yesterday, with a daily decrease of 0.8%.
The actual price of the option is formed by the competition of numerous 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.