According to @glassnode, the DVOL, a key volatility index reflecting aggregate market volatility expectations, has been trending downward after a significant spike during recent liquidation events. Over the past two weeks, the DVOL has shed approximately 10 volatility points, signaling that stress pricing in the market is being unwound. This trend may indicate reduced market uncertainty and potential stabilization in the near term.

According to @glassnode, the DVOL (Deribit Volatility Index) remains elevated at around 65, showing a significant adjustment from the high 40s reported last week. This sustained increase in volatility highlights a fragile market environment as it adapts to the ongoing higher volatility regime, signaling caution for traders.

According to @glassnode, DVOL—described as a single-number snapshot of implied volatility—fell immediately after the referenced event. Source: @glassnode on X, Dec 12, 2025; glassno.de/4pFLFIS. This drop often indicates volatility supply returning and less urgency among traders to hedge or seek upside exposure, a key shift for crypto options positioning. Source: @glassnode on X, Dec 12, 2025; glassno.de/4pFLFIS.

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.