On Friday, 10.5 billion in options expire, with DVOL only at 41.5%. The implied volatility of call options is suppressed even lower than that of puts, making a bullish spread strategy somewhat interesting at this point.

Crypto news: Coinbase subsidiary crypto derivatives exchange Deribit states that before approximately $10.5 billion worth of quarterly options expire this Friday, Bitcoin volatility still appears relatively low compared to historical levels. Deribit's Bitcoin Volatility Index DVOL is currently around 41.5%, significantly below the peak of about 90% in February. Deribit Chief Commercial Officer Jean-David Péquignot said that the volatility of call options is noticeably lower than that of put options, making call spread strategies more attractive from a relative volatility perspective.