Bitcoin recently experienced a significant 24% drop in value, which surprised many; however, those monitoring the CME CF Bitcoin Volatility Index (BVX) were more prepared, as the implied volatility had surged over 90% during the same period. Regulated benchmarks from entities like CME are becoming increasingly popular among traders who rely on dependable data for trading crypto derivatives. This trend underscores the importance of sophisticated risk assessment tools, which are often developed in partnerships between exchanges and benchmark providers, to better anticipate shifts in the volatile cryptocurrency market.
CME Group highlights Bitcoin volatility index amid 24% price drop
