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Our monthly report delves into insights from options volatility to inspire your next crypto move.
Volatility trends: April 2025 saw BTC's implied volatility surge above 75% due to tariff chaos, but it collapsed to 35% within a week, indicating a surprising short-term drop in volatility expectations despite ongoing macro uncertainty.
Market sentiment on $100K: BTC's return above $100K was met with muted enthusiasm in the derivatives market, suggesting that traders no longer view this level as a significant psychological barrier, and the rally isn’t likely to be sustained.
Ethereum's strong performance: ETH significantly outperformed BTC with a 23% rally, leading to increased demand for short-dated calls and a positive shift in the options market, highlighting renewed bullish sentiment.