Deribit’s Ether Volatility Index Hits Record Low
The post Deribit’s Ether Volatility Index Hits Record Low appeared first on Coinpedia Fintech News
Deribit’s ETH DVOL index continues to decline due to uncertainties in the economy and high demand for Ethereum network. The index, which measures expected price fluctuations for Ether over the next four weeks, hit a record of low 51. Implied volatility was calculated based on Deribit’s options book.
The index hit over 150 after FTX collapse but has been decreasing since then. The lowest point was reached four weeks after Ethereum’s Shanghai upgrade, which lower the risk of staking coins for rewards.
