2026 May Be Bitcoin's Quietest Year on Record The Bitcoin Implied Volatility Index (IVI) on the Derivbit exchange has averaged 42.4 points since the start of 2026. For comparison: in 2021 the average value reached 93.2 points, and in 2025 - 45.8. Over the past 60 days, the index has closed below 40 on 54 occasions, indicating continued low expectations for price volatility. Authority reflects the expected volatility of BTC built into option prices. If the current trend continues, 2026 will be a quiet record year for this indicator.