The Bitcoin Volatility Index (BVIV) jumped by about 20% on June 3, reaching 46.45% - a peak daily gain since February 5. The spike occurred as the spot price of Bitcoin fell by more than 6% to $66,000, prompting investors' increased demand for risk hedging.

Until then, BVIV had been held at a low level of around 40% for two months, reflecting a controlled price decline without panic. However, the current collapse has disrupted this calm. Experts note that BVIV is increasingly copying the behavior of the traditional VIX fear index, moving in the opposite direction to the asset price. The future dynamics of the index will depend on the situation in the market of options and price action of Bitcoin in the coming days.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.