TechFlow news, Adam, a researcher at Greeks.Live, posted a tweet indicating that Bitcoin's price is approaching $60,000, reaching a new all-time high in RMB terms. Despite extreme FOMO sentiment in the market, implied volatility (IV) across major tenors has not even reached recent highs.
A 60% IV level is relatively high compared to the past year’s market, but during the previous bull run, major tenor IVs should have already exceeded 90%.
Although IV has been trending lower over the long term, FOMO sentiment still fails to drive IV higher. This is a positive sign for the options market, indicating that the Bitcoin options market is maturing.
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