DVOL: Bitcoin’s VIX DVOL measures the implied volatility expected by the options market over the next 30 days. In other words, it indicates how much participants believe BTC may fluctuate, without indicating the direction of movement. Today, DVOL stands at 37.45, near an important support level and below key moving averages. This suggests the market is not currently pricing in a significant increase in volatility. The key detail is that at the end of the month, we will have the FOMC meeting—the major macro event of the period. If the Fed’s statement or commentary surprises the market, this combination of compressed DVOL and a high-impact event could trigger a sharp expansion in volatility. The direction remains uncertain. However, the magnitude of the move may be underestimated. Free report. This does not constitute investment advice. Each investor is responsible for their own decisions.