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

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

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