The traditional market panic index soared, and the Bitcoin implied volatility index DVOL fell

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Odaily Odaily News: Recently, the stock and bond market volatility indices VIX and MOVE in the traditional financial market have risen amid risk aversion. Compared with traditional markets, Bitcoin's pullback once again stood out, showing almost no panic, and the Bitcoin implied volatility index DVOL has emerged from a divergent trend. The price of Bitcoin has fallen by 7% this month. Deribit's BTC DVOL index has fallen from (annualized) 75% to 70%. According to TradingView data, this is a continuation of the pullback that began at a high of about 80% in March. Since 2023, Bitcoin's implied volatility index has been positively correlated with its price, and has rebounded with Bitcoin's price rebound, which is usually a feature of a bull market. (CoinDesk)

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