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📊 10x Research: BTC options prices have fallen to a five-year low. Near-term implied volatility is 33.5%, more than 4 percentage points below realized volatility, making options relatively cheap.
Over the past week, skew fell by nearly 3 percentage points. Traders have been buying October puts with strike prices of $78,000 and $80,000, with the largest block trade reaching $204 million.
Institutions believe investors remain broadly bullish, using options to hedge downside risk rather than expressing an outright bearish view.
ETH options tell a different story: the largest corporate buyer has stopped buying for several weeks, with activity dominated by call sellers. Implied volatility is higher than realized volatility.
#BTC #ETH #Options
📊 10x Research: BTC options prices have fallen to a five-year low. Near-term implied volatility is 33.5%, more than 4 percentage points below realized volatility, making options relatively cheap.
Over the past week, skew fell by nearly 3 percentage points. Traders have been buying October puts with strike prices of $78,000 and $80,000, with the largest block trade reaching $204 million.
Institutions believe investors remain broadly bullish, using options to hedge downside risk rather than expressing an outright bearish view.
ETH options tell a different story: the largest corporate buyer has stopped buying for several weeks, with activity dominated by call sellers. Implied volatility is higher than realized volatility.
#BTC #ETH #Options