After notching a three-month high last week, Bitcoin volatility has flattened out as traders await the outcome of the US election with bated breath.
Bitcoin volatility, a measurement of expected price fluctuation, has seemingly stalled as traders await the outcome of the United States election. Analysts from Bitfinex say this could just be the “calm before the storm.”
In a Nov. 5 market report titled “Calm Before the Storm?” Bitfinex analysts shared that implied volatility for Bitcoin (BTC) options is currently trading in the low 40s, suggesting a lack of market confidence in significant price movements.
Bitcoin’s volatility index — a score of BTC’s forward-looking volatility provided by crypto derivatives exchange Deribit — notched a new three-month high of 65.7 on Nov. 3 but has since stumbled to 63.2 at the time of publication, according to data from Derebit.
