The traditional market fear index has risen, while the implied volatility index DVOL for Bitcoin has decreased

ChainCatcher news, according to CoinDesk, the volatility indices VIX and MOVE in the traditional financial markets have risen amid risk aversion. Compared to traditional markets, Bitcoin's pullback stands out again, showing almost no panic, and the Bitcoin implied volatility index DVOL has shown a divergent trend.

It is reported that Bitcoin's price has dropped by 7% this month. Meanwhile, Deribit's BTC DVOL index has decreased from (annualized) 75% to 70%. According to data from TradingView, this is a continuation of the pullback that started from a peak of about 80% in March.

Since 2023, the implied volatility index of Bitcoin has been positively correlated with its price, rising alongside Bitcoin's price rebound, which is typically a characteristic of a bull market.