Volatility & risk appetite
Bitcoin implied volatility (DVOL)
The options market’s expected annualised volatility of BTC over the next 30 days.
41.8
24h +3.88%7d +3.67%30d +14.76%
Moderate Data as of 2026-11-08
Trend
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Range statistics
30-day high
42.3
30-day low
36.4
30-day average
38.7
Position in 30-day range
94%
90-day high
43.4
90-day low
33.6
90-day average
37.9
Position in 90-day range
92%
What it measures
DVOL is derived from Bitcoin option prices on Deribit, the largest crypto options venue. It works like the VIX for Bitcoin.
How to read it
Higher DVOL means traders are paying more for protection and expect bigger moves. Spikes usually accompany stress; low and falling DVOL points to calmer conditions.
Source: Deribit