Bitcoin 'volatility fear gauge' hits FTX-blowup peak as prices crater to nearly $60,000

Bitcoin's volatility gauge, the BVIV, spiked to nearly 100%, its highest level since the 2022 FTX collapse. What to know : Bitcoin's volatility gauge, the BVIV, spiked to nearly 100%, its highest level since the 2022 FTX collapse. Traders rushed to buy put options, reflecting intense demand for insurance against further declines. Volatility looks overstretched and could decline if prices stabilize.