Summary
Bitcoin’s implied volatility reached its highest point with the launch of spot ETFs in the US, but has now dropped below realized volatility. This has led to increased demand for call options at strikes $45,000 and $46,000 during Thursday’s North American trading hours, according to Paradigm, an institutional cryptocurrency trading network.
Key Points
1. Bitcoin’s implied volatility reached its highest point after the launch of spot exchange-traded funds (ETFs) in the United States last week.
2. The implied volatility of Bitcoin has now fallen below the realized volatility, leading to increased demand for call options at strike prices of $45,000 and $46,000 during Thursday’s North American trading hours.
3. This information comes from Paradigm, an over-the-counter institutional cryptocurrency trading network.