Summary
BTC and ETH had a calm week with low volatility, but implied volatility for options is high leading up to the Bitcoin halving event on April 20.
Key Points
1. BTC and ETH showed relatively calm movement last week compared to other weeks in March, with weekly realized volatility hitting below 50%.
2. The Bitcoin halving event is expected to happen around April 20, causing implied volatility of front-month options to remain elevated above 75%.
3. Jun-Young Heo, a derivatives trader at Singapore-based Presto Labs, highlighted the importance of monitoring volatility levels in the cryptocurrency market, especially leading up to significant events like the Bitcoin halving.