Bitcoin implied volatility index BVIV approaches key support zone, market faces volatility risk

According to CoinDesk, market analysts remind traders to pay attention to the trend of Bitcoin's 30 day implied volatility index BVIV, which is currently hovering in the range of 34% -38%. Historical data shows that this region often indicates the risk of volatility explosion and price correction. Now, after BVIV entered a similar range at the end of May, the price of Bitcoin fell from $74000 to below $60000 in less than a week. At present, BVIV is below the 30 day and 200 day simple moving averages, and the price of Bitcoin remains above $64000.