Data: The Bitcoin Volatility Index rose to 54.54 yesterday, with a daily increase of 1.72%

ChainCatcher message, the BitVol (Bitcoin Volatility) index launched by the financial index company T3 Index in collaboration with the options trading platform LedgerX slightly rebounded to 54.54 yesterday, with a daily increase of 1.72%.

The BitVol index measures the 30-day expected implied volatility derived from the prices of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option prices. It is the volatility derived from the B-S option pricing formula by substituting the actual option price and other parameters except for the volatility σ into the formula.