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NewsBTC 2022-10-10 19:00:34

Bitcoin Volatility Index Suggests Large Price Move Arriving Soon

Historical data of the Bitcoin volatility index hints that the price of the crypto may observe a big move in the near future. Bitcoin Volatility Index Has Recently Been Below A Value Of 25 As pointed out by an economist on Twitter, the volatility index has declined into a zone that has historically been followed by an explosive move in BTC. The “volatility index” in question is the BitMEX .BVOL index, and according to the exchange, the metric’s value “is the rolling 30 day annualized volatility of the daily 11:30 UTC to 12:00 UTC Time Weighted Average Price (TWAP) of Bitcoin / USD.” Here, the Time Weighted Average Price is calculated using measurements made at 1 minute intervals for a period of half-an-hour. What this index tells us is how much has the recent BTC price deviated from the average, or more simply, how volatile it has been recently. Related Reading: Bitcoin Whale Ratio Surges Up As Leverage Remains High High values of the metric suggest the crypto has shown some sharp moves recently, while low ones imply a stale market. Now, below is a chart that shows how the Bitcoin volatility index’s value has changed during the last few years: The value of the metric seems to have been quite low in recent days | Source: Alex Krüger on Twitter As you can see in the graph, the analyst has marked relevant points of trend between the Bitcoin volatility index and the price of the crypto. It ...

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