Crypto Daybook Americas: Altcoins Rally as ‘Complacent’ Bitcoin Points to Renewed Volatility

By Omkar Godbole (All times ET unless indicated otherwise)Investors are still rotating money into altcoins, lifting valuations for ETH, RAY, ENA, MKR and other tokens while leaving bitcoin (BTC) little changed above $100,000.While the biggest cryptocurrency by market value is just 7% short of hitting a new high, its 30-day options-based implied or expected volatility, represented by Deribit's DVOL index, is hovering near the lowest level since June 2024.This type of calm usually precedes big moves. Georgii Verbitskii, a market analyst and founder of TYMIO, a crypto investor app put it best: "Options implied volatility is extremely low, the market doesn't seem to believe in strong moves, and 1- to 3-month option pricing is still cheap source: https://www.coindesk.com/daybook-us/2025/05/14/crypto-daybook-americas-altcoins-rally-as-complacent-bitcoin-points-to-renewed-volatility