$BTC Traders Buy $204M In Puts While Volatility Hits 5-Year Low
Even with IV at rock bottom, big players just loaded:
$204M in October $78K & $80K Puts — block trades
Options skew: -3pts on the week (0.82 → 0.79)
$80K = key hedge level → $77.2K support if broken
Interpretation by 0x Volatility Edge:
Not bearish exit, but Long BTC + Downside Protection.* Holders protecting spot with cheap puts.
Ethereum opposite:
$ETH IV > realized, call selling dominant → sideways-to-lower expected.
Setup: BTC IV < realized = historically precedes explosive move. CPI Wed decides direction.
Are you hedging or longing into low vol?
$ETH #BitcoinOptionsVolatilityHitsFiveYearLow #putoptions #hedge #CryptoNews
#BitcoinOptionsVolatilityHitsFiveYearLow
Even with IV at rock bottom, big players just loaded:
$204M in October $78K & $80K Puts — block trades
Options skew: -3pts on the week (0.82 → 0.79)
$80K = key hedge level → $77.2K support if broken
Interpretation by 0x Volatility Edge:
Not bearish exit, but Long BTC + Downside Protection.* Holders protecting spot with cheap puts.
Ethereum opposite:
$ETH IV > realized, call selling dominant → sideways-to-lower expected.
Setup: BTC IV < realized = historically precedes explosive move. CPI Wed decides direction.
Are you hedging or longing into low vol?
$ETH #BitcoinOptionsVolatilityHitsFiveYearLow #putoptions #hedge #CryptoNews
#BitcoinOptionsVolatilityHitsFiveYearLow