- It measures the volatility level of BTC and ETH
- It is useful for options traders
- All those who want to better monitor risk and make trading decisions
Binance Options launches Binance Volatility Index. It’s a tool that tracks volatility in the cryptocurrency market.</nbsp;
Customers can use BVOL to gauge market sentiment, better manage risk and make better trading decisions when trading options.</nbsp;
Volatility indicates the rate of asset price configuration over a period. The higher it is, the more the price can change and the riskier the investment in that asset.
The BVOL tool is easy to read. A high index indicates that the market expects significant price fluctuations. Низкий BVOL предрекает устойчивый курс.
В настоящее время метрика BVOL измеряет две ключевые криптовалюты — BTC $24,925 Bitcoin BTC -4.11% Market cap $483.6b Vol. 24Н $6b Exchange partner
и ETH $1,638 Ethereum ETH -6.2% Market cap $196.9b Vol. 24Н $2.9b Exchange partner . More information about BVOL you can read on the official page of the platform.Volatility and cryptocurrencies
Price volatility has become a major sign of crypto-assets. This is the cornerstone of many arguments. On the one hand, bitcoin and altcoins are scolded for their rate instability. On the other hand, it is this feature that allows traders to earn more than on classic assets.
In 2023, by the way, the volatility of BTC is lower than that of Meta and Amazon stocks. But higher than gold and Apple. This is evidenced by the 30-day average volatility for the year as of June 2023.
Gold had an index of 15, BNB 21, Bitcoin 29, and Amazon stock 40.