PANews reported on November 25 that Matrixport said in its latest report that last week, BlackRock launched Bitcoin ETF (IBIT) options, which received a warm response from the market, with active trading volume and a steady increase in open interest. This shows that investors' expectations for future gains in Bitcoin are increasing. This report focuses on the analysis of data related to options expiring in December. Interestingly, the implied volatility has shown a continuous downward trend and is currently close to 65%. Previously, Bitcoin rose rapidly from $70,000 to $98,000 due to market sentiment after Trump's election, but the recent rise has slowed down. In the future, Bitcoin prices may enter a more stable upward phase, which may further reduce implied volatility.
The decline in implied volatility is good news for traders because it means that the cost of Bitcoin call options is reduced, and investors can open positions at a lower price, thus having the opportunity to expand their positions. At the same time, the increase in demand for options trading and the increase in large transactions may also further drive up Bitcoin prices.
