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29 March 2024
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Bitcoin

Bitcoin [BTC] Myth Buster: Volatility Now Lower Than Multiple Stocks

Research around Bitcoins volatility in comparison with the equities included in the S&P 500 index reveals that Bitcoin’s realized volatility from the beginning of the year and a 90-day period is better than many stocks. The research finds,

… bitcoin has exhibited lower volatility than 172 stocks of the S&P 500 in a 90 day period and 155 stocks YTD

Gabor Gurbacs, the Director Digital Asset at VanEck who led the research tweeted,

Bitcoin volatility way lower than the Nasdaq by historic measures.

bitcoin volatiltiy vs. nasdaq
Source: Tweet

The measure of Implied Volatility

The massive open interest (OI) across the options market is calling for tremendous volatility in Bitcoin. Deribit Exchange Market Insights tweeted last night,

$BTC 11k gravitational pull. With July31 11k Calls Open interest at 4.5k (Puts OI 1k) and Implied Vol 50%, longs have a short 24hour window to hope for escape velocity.

Even with the expiration of options and futures contracts today, due to roll-over of contracts, the OI can be expected to remain high. Bitcoin is currently trading at $11,307, 1.62% higher on a daily scale.

News Source

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