Deep Chao TechFlow news, the latest report from encryption data provider Kaiko shows that the volatility of the encryption market increased significantly in September this year. Bitcoin’s 30-day volatility has soared to 70%, almost double the level last year and close to the all-time high in March.
Ethereum's volatility has even exceeded the March level and Bitcoin's current level, mainly driven by events such as Jump liquidation and the launch of the ETH ETF.
Implied volatility for short-term options also inverted, with the implied volatility for the Sept. 13 contract jumping to 61% from 52%, exceeding the month-end contract. This inverted structure usually signals increased market stress.
The report also pointed out that the cumulative Bitcoin trading volume in the first eight months of this year was close to 3 trillion US dollars, an increase of nearly 20% from the peak in 2021. At the same time, Coinbase's market share declined in the third quarter, from 53% in June to 41% in early September, while Bullish's share increased from 17% to 33%.
