"Bitcoin (BTC), Quiet Uptrend Signal... Implied Volatility at Lowest Since September 2023"
JH Kim
Summary
- It was reported that Bitcoin (BTC)'s Implied Volatility Index (BVIV) fell to its lowest level since September 2023.
- It was noted that during periods when BVIV is low, BTC prices tend to rise.
- The Market Value to Realized Value (MVRV) ratio for short-term holders is 1.19, which is lower than the previous high.
On the 29th (local time), Cointelegraph, a media outlet specializing in cryptocurrencies, reported that Bitcoin (BTC)'s implied volatility index (BVIV) has dropped to its lowest level since September 2023, suggesting a potential for price increase.
The last time BVIV hit its lowest point in September 2023, BTC started at around $26,000 and nearly doubled by almost 50% afterwards.
Additionally, whenever BVIV closed below 45 since the second half of 2022, BTC prices have generally shown an upward trend.
In the market, even short-term holders (STH) are reportedly still holding. The short-term holders’ Market Value to Realized Value (MVRV) ratio is currently 1.19, which is lower than the cycle high of 1.33 recorded in November 2024.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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