Bitcoin implied volatility hits highest level in over 2 months

Bitcoin's implied volatility (IV) has risen to its highest level in two and a half months, coinciding with seasonal trends, CoinDesk reported. The outlet noted that the Bitcoin IV index (BVIV) from derivatives protocol Volmex has surpassed 42%, its highest point since late August. The index, which measures the market's forecast for future price fluctuations based on Bitcoin options, began to rise along with Bitcoin's price surge earlier this month. It has continued its ascent even amid a recent minor price correction, which typically indicates that market participants are anticipating significant price movements ahead.