Bitcoin Volatility Is Still Compressing, Dimming Year-End Rally Outlook

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Source: CryptoNewsNet Original Title: Bitcoin Volatility Is Still Compressing, Dimming Year-End Rally Outlook Original Link: Bitcoin’s volatility indexes are still declining, mirroring those of the S&P 500, bringing a price stability that weakens the case for a year-end rally, according to one analyst.

BTC’s annualized 30-day implied volatility, as measured by Volmex’s BVIV index, has dropped to 49%, nearly reversing the spike to 65% from 46% over the 10 days through Nov. 21, according to TradingView data.

Implied volatility is an options-based measure that represents the market’s outlook for price swings over a specific period. The drop from 65% to 49% means expected price turbulence over the 30 days has declined from as much as 5 percentage points to 14%.

The VIX index, which represents the 30-day implied volatility in the S&P 500, has also dropped, reaching 17% from 28% since Nov. 20.

BTC0,4%
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