Bitcoin's implicit volatility is soaring

According to data provided by Skew, the one-month implicit volatility of Bitcoin has increased from 55% to 65% since midnight on Sunday. Implied volatility measures market expectations of the volatility of a particular asset next month. The Block analysis said that regardless of asset class, increased volatility is a good thing for traders and brokers. When volatility increases, the spread widens, bringing more capital to the company. Industry sources said that cryptocurrency market makers have adopted the same logic.