MOVE Index Surges 33% Amid Bond Market Volatility, While Bitcoin DVOL Declines

The MOVE index, a gauge of expected volatility in U.S. Treasuries, rose approximately 33% between September 22 and 24, reaching 104.58, its highest level since late March. Conversely, Bitcoin's implied volatility index (DVOL) has trended downward, reaching 34.3 on September 26, near its annual low. While U.S. 10-year Treasury yields climbed to levels not seen since 2007, Bitcoin's realized volatility remains higher than its implied volatility, indicating that current options pricing may be underestimating the asset's actual price swings.