Bitcoin Options Show Decline in Implied Volatility Amid Market Adjustments

Bitcoin's price has been on the rise, yet the implied volatility (IV) of major-term options is decreasing. According to Odaily, this trend is accompanied by a noticeable positive skew. The primary reason for these developments is the easing of military tensions between the U.S. and Iran, which has reduced market concerns over war risks, leading to a significant drop in the price of put options. Trading volumes in both order books and block trades are relatively balanced, with most transactions focusing on the current and following months. The market is readjusting its position layouts, and there is a growing consensus among major participants regarding future market trends. The expectation of low volatility is becoming the mainstream outlook.