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Implied volatility across all strikes is now sitting near multi-year lows, even below summer 2023 levels 📉🔴. Compression is no longer isolated to short-dated maturities but is visible across the full volatility surface 💪. The options market is pricing in very little expectation of large directional moves, with subdued positioning and hedging demand now broad-based ⚡️🎯👀. #crypto