The Christmas overlaid with the annual shift effect caused signi
The Christmas overlaid with the annual shift effect caused significant IV declines across all major terms, especially for short-term options expiring on the last few trading days of the year.
Bitcoin has risen nearly threefold throughout the year, but not once has IV crossed 70%. This is the first time since the inception of the crypto options market and will likely be the norm for the crypto market in the future as well.
In contrast to other trading markets, this is also a sign that Bitcoin derivatives are maturing, and with the imminent passage of ETFs, cryptocurrency derivatives will undoubtedly become an important mainstream investment underlying in the future as well.
Bitcoin has risen nearly threefold throughout the year, but not once has IV crossed 70%. This is the first time since the inception of the crypto options market and will likely be the norm for the crypto market in the future as well.
In contrast to other trading markets, this is also a sign that Bitcoin derivatives are maturing, and with the imminent passage of ETFs, cryptocurrency derivatives will undoubtedly become an important mainstream investment underlying in the future as well.