Bitwise says Bitcoin’s Q3 rally marked a “regime change”, breaking the previous pattern where rising prices were typically accompanied by falling implied volatility.
BTC gained roughly 40–43% in Q3, climbing from around $60K to above $87K while volatility dynamics behaved differently from previous rallies.
That matters because implied volatility reflects how much movement options traders expect ahead. If price can continue rising while that relationship changes, some strategies built around the old market structure may no longer work the same way.
The real test now is whether this behavior continues into Q4.
#BTC Price Analysis# #Macro Insights# $BTC
BTC gained roughly 40–43% in Q3, climbing from around $60K to above $87K while volatility dynamics behaved differently from previous rallies.
That matters because implied volatility reflects how much movement options traders expect ahead. If price can continue rising while that relationship changes, some strategies built around the old market structure may no longer work the same way.
The real test now is whether this behavior continues into Q4.
#BTC Price Analysis# #Macro Insights# $BTC