Check out the latest data, implied volatility of Bitcoin has risen to 53.1% from previously 38.5% due to increased geopolitical tensions. This figure isn't actually surprising, considering the historical level of 52.2% that occurred in mid-November last year, and still well below the peak of 65.4% during the major crash in mid-February. Markus Thielen also analyzed this situation and said that although geopolitical tensions clearly increased, the crypto market response has been fairly controlled, like "attention but nothing more than that."

What’s interesting about this implied movement is what usually happens afterward. Based on historical patterns, such controlled volatility like this typically signals a positive outlook for future price movements because it indicates limited demand hedging and no significant panic selling. If this trend continues, the implied volatility is likely to decrease again in the coming weeks.

For traders, this opens up opportunities to play with these volatility changes. So it’s worth watching how the developments unfold, especially if the geopolitical situation starts to improve.