Bitcoin’s 30-day implied volatility jumps to 46.45%, signaling heightened investor anxiety as prices drop below $66,000.
Bitcoin’s BVIV index, a measure of 30-day expected volatility, climbed 20% in the past 24 hours to 46.45%. The spike marks the largest single-day increase since February 5, when the crypto market experienced a sharp decline.
BTC has fallen 10% over the past week, trading below $66,000 despite record highs in U.S. equities. The selloff accelerated in June, with a 6% drop in the last 24 hours, contrasting with modest gains in March and April.
The surge in volatility suggests retail investors may exit positions, while traders hedge against further downside. In February, a 50% BVIV spike preceded a drop to $60,000, Bitcoin’s low for the year.