On March 22nd, according to the data released by Deribit officials, the volatility index DVOL of BTC has fallen to 47. In the past year, 96% of the time, the DVOL has been higher than the current value, with a maximum of 92 and a minimum of 41. The sharp drop in volatility means that the market believes that BTC will not fall or rise sharply, and will trade sideways for a period of time.