Bitcoin implied volatility hits lowest level since October 2023

Bitcoin’s 30-day implied volatility has declined to 36.5%, the lowest level since Oct. 2023, as the price hovers between $110,000 and $120,000, according to CoinDesk, citing data from volatility index provider Volmex Labs. The drop reflects reduced hedging activity despite concerns about potential stagflation in the U.S. economy. The outlet added that while Bitcoin’s price and volatility were previously positively correlated, recent trends show a negative correlation, a pattern more typical of bullish phases in U.S. equity markets.