Bitcoin's implied volatility has surged to a 2.5-month high, with the Volmex BVIV index reaching 42%, marking the highest level since late August. This increase in volatility aligns with historical seasonal trends, as October is typically a month of heightened market fluctuations. Despite a recent price pullback from over $126,000 to approximately $120,000, the volatility index continues to rise, reflecting ongoing market uncertainty.