The chart above shows the BVIN index since the end of 2021, and has crossed 100% three times in February, July and November.
BTC volatility was at an all-time low before FTX collapsed. The volatility of the British Pound has stagnated, exceeding that of BTC.
However, the fallout of FTX hit BTC harder than the Terra-LUNA collapse that occurred in May. BTC has fallen 75% from all-time highs.
The last time such a move was recorded was during the 2014-2015 bear market, when BTC fell 85% from its all-time high.