Bitcoin’s ‘fear gauge’ drops as BTC stabilizes near $63,000

Bitcoin’s (BTC) so-called fear gauge is easing as the token stabilizes near $63,000 after last week’s volatility. Volmex’s 30-day implied volatility index (BVIV) fell to an annualized 47% from a Friday high near 60%, according to CoinDesk, citing TradingView data, signaling cooling demand for options protection. Crypto also lagged a tech rebound as AI stocks bounced overnight, according to CoinDesk. MSCI’s Asia Pacific gauge rose 2.5%, South Korea’s Kospi climbed as much as 8% with SK Hynix up 11%, and the Nasdaq 100 added 1.6%, while BTC traded near $63,300 and ether near $1,691.