According to CoinDesk, the 30-day implied volatility index BVIV, which measures expected volatility in the Bitcoin options market, has dropped to 36%, the lowest level since May 31, down from nearly 60% at the beginning of June. Despite recent Coldcard wallet attacks, weak institutional demand, and macroeconomic uncertainty, market panic has not ensued. However, given the mean-reverting nature of volatility, traders should remain cautious of potential risks from a future rise in volatility.
Bitcoin 30-day implied volatility falls to two-month low
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Summary
Bitcoin volatility has dropped to a two-month low, with the 30-day implied volatility index (BVIV) falling to 36%, according to AiCoin. This reading represents a sharp decline from the nearly 60% peak observed in early June. Despite the Coldcard wallet attack and ongoing macroeconomic concerns, the market remains calm. Traders are advised to monitor altcoins, as volatility is expected to stabilize in the coming weeks.
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