Bitcoin may have already bottomed out near $60,000. Here’s why.

Implied volatility indicators DVOL and BVIV suggest peak fear has passed, with crypto leading traditional markets in pricing risk. What to know : DVOL and BVIV reached levels consistent with previous cycle lows, reflecting elevated implied volatility and peak fear typically seen at market bottoms. Bitcoin volatility peaked in February, while the VIX only surged weeks later and remains below prior crisis highs, indicating traditional markets may still be adjusting.