TechFlow news, Adam, a researcher at Greeks.Live, stated on X that after several days of continuous decline, BTC's realized volatility has surged again, with IV across major tenors reaching their highest levels in nearly a year.
Market expectations for volatility are now even higher than during the period when new all-time highs were achieved. Market data shows this is primarily driven by a significant increase in the price of short-to-medium-term put options.
The current options skew indicator has returned to neutral from a previously pronounced skew, meaning put and call options under equivalent conditions are now priced equally, indicating that the FOMO sentiment driven by this year's sharp rally has dissipated.




