Bitcoin's BVIV implied volatility index dropped to 38%, a nine-month low, as institutional buying, easing geopolitical tensions, and options selling calm the market.

Bitcoin’s low volatility could be reflective of institutions holding BTC and issuing stocks to buy more, or a sign that most traders expect prolonged price consolidation.

Bitcoin's BVIV implied volatility index dropped to 38%, a nine-month low, as institutional buying, easing geopolitical tensions, and options selling calm the market.