TechFlow news, on February 13, Adam, macro researcher at Greeks.live, posted that yesterday's CPI data slightly exceeded expectations, briefly pushing BTC down to $94,000. However, boosted by Powell's crypto-friendly remarks and other factors, major cryptocurrencies are expected to rebound toward weekly highs.
Currently, implied volatility (IV) across key option tenors is at relatively low levels compared to the past year. The volatility index (Dvol) has been lower than present levels only 14% of the time over the last year. Short-term IV is particularly low, with front-month expiry IV at just 46%, indicating limited market expectation for volatility in the near term.
The main reason behind this phenomenon is the sustained weakening of bullish momentum, as large whales continue selling bullish positions. Since last month’s expiry, skew across all maturities has been in a continuous downtrend and is now oscillating around zero. This phase represents a period of digesting "Trump Trade" noise, and following whale moves by selling options appears to be a more favorable strategy at the moment.
