Greeks.live: The implied volatility of BTC options has dropped to its lowest level this year, mainly due to the continuous weakening of bullish momentum recently

Macro analyst Adam from Greeks.live stated that yesterday's CPI data slightly exceeded expectations, once smashing BTC to $94,000. However, with factors such as Powell's positive speech on encryption stimulating the market, mainstream coins will appreciate to their high positions this week. Currently, the implied volatility (IV) of major term options is at a relatively low level in nearly a year. The volatility index (Dvol) has only been lower than it currently is 14% of the time over the past year. Short-term IV is particularly low; current month-to-expiry IV is only 46%, indicating that the options market has relatively low expectations for future fluctuations.

The main reason for this phenomenon is the recent continuous weakening of bullish forces and large-scale bullish whales continuously selling off. Since last month's delivery ended, Skew has been on a downward trend and is now oscillating near zero axis. Now it’s time for the market to digest TrumpTrade’s junk period; following whale sell-offs seems like a better choice.