Deribit: $10.5 billion in quarterly options will be settled on Friday, and Bitcoin call option volatility is currently low.

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ME News: According to data from crypto derivatives trading platform Deribit on June 25 (UTC+8), Bitcoin's 30-day implied volatility index (DVOL) has dropped to 41.5%, far below the 90% peak in February. Deribit Chief Commercial Officer Jean-David Péquignot stated that compared to historical levels, the current Bitcoin volatility is low, which means traders have lower expectations for significant price fluctuations, and the cost of purchasing options has become cheaper. Additionally, the crypto market will see $10.5 billion in quarterly options expire this Friday. Data shows that the volatility of call options is significantly lower than that of put options, making Call Spreads strategies more attractive on a relative volatility basis. Péquignot added that recent macro factors such as the sell-off in tech stocks and the upcoming U.S. core PCE inflation data to be released on Thursday may further increase market volatility in the short term. (Source: ChainCatcher)
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