What’s the options market telling us?
🔹 BTC
• 1W IV: 28.5% | 25D Skew: -3.3%
• 1M IV: 34.0% | Skew: -3.9%
• 6M IV: 40.8% | Skew: -4.1%
🔹 ETH
• 1W IV: 39.9% | 25D Skew: -2.0%
• 1M IV: 47.2% | Skew: -2.5%
• 6M IV: 54.9% | Skew: -2.3%
📈 What it means:
Implied volatility rises steadily with maturity, showing the market expects more uncertainty over the longer term.
The negative 25D skew points to relatively stronger demand for upside exposure, giving the options market a mildly bullish tilt.
Meanwhile, short-term implied vol is above realized vol for both BTC and ETH, suggesting options are pricing in more volatility than we’ve recently seen.
Overall: calm near term, higher volatility expected ahead, with a slight bullish options bias.