The Bitcoin Volatility Index, BitVol, dropped to 66.32 yesterday, a daily decrease of 0.29%

On November 24, the Bitcoin Volatility Index (BitVol) launched by financial index company T3 Index in conjunction with options trading platform LedgerX fell to 66.32, a single-day decrease of 0.29%. The BitVol index measures the expected implied volatility over 30 days derived from tradable Bitcoin option prices. Implied volatility refers to the volatility implied by actual option prices. It is calculated using the B-S option pricing formula, substituting actual option prices and other parameters into the formula excluding volatility σ to derive this volatility rate.