The Bitcoin Volatility Index DVOL fell to 47, having been above that level 96% of the time in the past year

On March 22nd, according to the data released by Deribit officials, the volatility index DVOL of BTC has fallen to 47. In the past year, 96% of the time, the DVOL has been higher than the current value, with a maximum of 92 and a minimum of 41. The sharp drop in volatility means that the market believes that BTC will not fall or rise sharply, and will trade sideways for a period of time.