Bitfinex analyst: Bitcoin volatility risk premium (VRP) has fallen to 2.5%, and market participants expect the market environment to be relatively stable in the future

Golden Finance reported that according to data tracked by Bitfinex analysts, since the Bitcoin blockchain implemented a mining reward halving on April 20, the monthly VRP (volatility risk premium) has plummeted from 15% to 2.5%. It is reported that the VRP calculation is based on the gap between Volmex's Bitcoin 30-day implied volatility index (BVIV) and the 1-month realized volatility (VBRV). Analysts said: "The sharp narrowing of the VRP indicates that market expectations are being readjusted to adapt to a more stable and predictable environment after the halving. The market consensus seems to be that future volatility after the halving may be lower than previously expected. In other words, uncertainty has diminished and market participants expect market conditions to be more predictable."