ChainCatcher Message, Glassnode Article Analysis, Deribit Data Shows that the Bitcoin Volatility Index DVOL has dropped to a historical low, with only 2.6% of trading days showing lower values.

Analysis indicates that the current market demand for downside risk protection is at an extremely low level, and this excessively optimistic market sentiment may increase the risk of sudden volatility.

*Note: The DVOL index is an important indicator of expected volatility in the Bitcoin market.