"Bitcoin (BTC), Volatility Index Decline... Possibility of Market Stagnation Emerges"
Minseung Kang
Summary
- Lin, head of Deribit Asia-Pacific business, stated that the volatility index of Bitcoin (DVOL) has fallen below 50, indicating a possibility of market stagnation.
- The decline in volatility suggests that the Bitcoin market is unlikely to rise or fall significantly in the near future.
- Lin added that the times when DVOL was lower than this in the past year accounted for only 4% of the total.
As the volatility index of Bitcoin (BTC) declines, there is a possibility that the market will remain stagnant for a while.
On the 22nd, Lin, head of Deribit Asia-Pacific business, stated on X (formerly Twitter), "The volatility index of Bitcoin, DVOL, has fallen below 50, currently recording 47," and analyzed, "The significant decline in volatility suggests that the market does not expect Bitcoin to rise or fall significantly in the near future, but rather to remain stagnant within a certain range."
Lin added, "In the past year, the times when DVOL was lower than this accounted for only 4% of the total, with the highest being 92 and the lowest being 41."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
