Bitcoin Volatility Index Rises Amid Deepening Market Skew
The Bitcoin Volatility Index (DVOL) increased by 4.55 points in the latest session, reaching 50.84, as market skew became more pronounced. This session saw a significant left skew, indicating increased bearish sentiment. Bitcoin’s price dropped by $3,900.60, or 4.96%, to $74,912. The 30-day skew also shifted to -6.9754 from a starting point of -5.3067, reflecting heightened market volatility.