Coinbase's cryptocurrency derivatives exchange Deribit stated 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 high 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. (CoinDesk)

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