Greeks.live: The implied volatility of the Bitcoin options market has rapidly risen to a new monthly high, making every recent event-driven opportunity worth buying options

2024-05-15 21:53:12

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ChainCatcher news, May 15, Greeks.live macro researcher Adam posted on the X platform that the recently released CPI data has attracted significant attention. Although the results met expectations, the cryptocurrency market still experienced substantial volatility, with Bitcoin rising 4% to $64,000, and the current major pain point at $62,000, as some short-term sellers entered the hedging range.

The options market reacted noticeably, with implied volatility (IV) for all major maturities quickly rising to new highs for the month. The recent lackluster market caused major maturity options to drop to new lows since the Spring Festival, making the cost-effectiveness for buyers extremely high. Recently, every event-driven opportunity is worth buying options.

Meanwhile, ETH appears slightly weak, with the ETH/BTC exchange rate hitting a new low, suggesting opportunities in cross-asset options trading.

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CPI data Bitcoin options market

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