Data: The Bitcoin Volatility Index BitVol surged significantly to 45.23 yesterday, with a daily increase of 16.81%

ChainCatcher message, the BitVol (Bitcoin Volatility) index launched by the financial index company T3 Index in collaboration with the Bitcoin options trading platform LedgerX rose to 45.23 yesterday, an increase of 16.81% compared to August 28.

It is reported that the BitVol index measures the 30-day expected implied volatility derived from the prices of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual option prices. It is the volatility derived using the B-S option pricing formula by substituting the actual option price and other parameters except for the volatility σ into the formula.