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Greeks.live: Bitcoin's short-term implied volatility has plummeted, with bulk trades mainly focused on selling call options and buying put options

Greeks.live: Bitcoin's short-term implied volatility has plummeted, with bulk trades mainly focused on selling call options and buying put options

Bitget2024/01/09 06:39
Greeks.live: More and more information suggests that ETF is imminent, and sure enough Fomo sentiment was heavier during US trading hours, with Bitcoin hitting a new high of $47,000. 
But the options market is giving mixed signals, firstly short-term IVs have fallen sharply today, with the current ATM option IV for the 11Jun falling below 90%, down 30% in a few hours, with other terms also showing significant declines.
 
Secondly, during the breakout to new highs, block trades have instead been relatively muted and mostly dominated by selling calls and buying puts. Institutional investors started to short the ETF market when the ETF was at its peak of momentum, which makes one wonder about the future.
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