TechFlow, Nov 23 — Jeff Park, advisor at Bitwise and Chief Investment Officer of bitcoin treasury firm ProCap, analyzed that since the FTX collapse, Bitcoin's implied volatility has never exceeded 80%. The closest it came to 80% was in March last year when spot Bitcoin ETFs experienced sustained capital inflows, but now this metric has returned to pre-ETF launch levels. According to data disclosed by Jeff Park, for Bitcoin options expiring on December 26, the open interest (OI) for $85,000 put options is relatively large at approximately $1 billion, exceeding that of $125,000 call options ($620 million), $140,000 call options ($950 million), and $200,000 call options ($720 million).
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