The Bitcoin Volatility Index (DVOL) increased by 4.55 points in the latest session, reaching 50.84, as market skew became more pronounced. This session saw a significant left skew, indicating increased bearish sentiment. Bitcoin's price dropped by $3,900.60, or 4.96%, to $74,912. The 30-day skew also shifted to -6.9754 from a starting point of -5.3067, reflecting heightened market volatility.