$2.25B went into Bitcoin #ETFs in four sessions. $BTC still couldn’t stay above $87K.
That’s already interesting.
But I’m watching something else: IBIT options are pricing 37.4% implied volatility, while realized vol over the previous 20 sessions was 45.5%. IV rank is just 11.9, near the bottom of its one-year range.
Basically, the options market is expecting things to calm down right after BTC showed it can still move.
Meanwhile price is back around $84K, with $87K still doing its job as resistance.
I wouldn’t read the ETF inflows as an automatic breakout signal here. If $87K finally holds, the spot demand has room to matter.
Until then, this is a market with strong buyers and a ceiling.
And options traders look surprisingly relaxed about it.
That’s already interesting.
But I’m watching something else: IBIT options are pricing 37.4% implied volatility, while realized vol over the previous 20 sessions was 45.5%. IV rank is just 11.9, near the bottom of its one-year range.
Basically, the options market is expecting things to calm down right after BTC showed it can still move.
Meanwhile price is back around $84K, with $87K still doing its job as resistance.
I wouldn’t read the ETF inflows as an automatic breakout signal here. If $87K finally holds, the spot demand has room to matter.
Until then, this is a market with strong buyers and a ceiling.
And options traders look surprisingly relaxed about it.
