According to @Andre_Dragosch, the crypto implied volatility index DVOL spiked to almost 65, its highest level since the March 2025 tariff shock, indicating a massive jump in uncertainty and what he characterizes as max fear. Source: @Andre_Dragosch (X, Oct 11, 2025). A DVOL reading near 65 means the market is pricing materially larger 30-day moves and richer option premiums, raising hedging costs and volatility risk for crypto derivatives traders. Source: Deribit (DVOL index methodology).

According to @GreeksLive, cryptocurrencies are entering a pullback trend following multiple unsuccessful attempts to hit resistance levels. Implied volatility (IV) has significantly decreased across all major terms, with Bitcoin's Dvol currently below 50%. This level of IV has only been observed 30% of the time in the past year.