ChainCatcher news, Greeks.live macro researcher Adam tweeted that 37,000 BTC options are expiring, with a Put Call Ratio of 0.58, and the maximum pain point at $66,000, with a nominal value of $2.4 billion.180,000 ETH options are expiring, with a Put Call Ratio of 0.55, and the maximum pain point at $3,300, with a nominal value of $600 million.The cryptocurrency market has been relatively weak this week, with the ETH ETF launch as expected causing a drop in ETH, and overall market funds flowing out. Several important events have landed smoothly, with significant declines in major term implied volatility (IV), and Dvol has fallen to its lowest level of the year, indicating low market expectations for the future.U.S. stocks have performed poorly recently, and there have been no favorable factors to support the market in August so far; the market may have to wait another month or two.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on platform X stating that the DVOL volatility index of BTC has dropped to 51, with a recent high of 82 reached on March 11, followed by a continuous decline, and it may further decrease during the summer.

ChainCatcher news, according to CoinDesk, the volatility indices VIX and MOVE in the traditional financial markets have risen amid risk aversion. Compared to traditional markets, Bitcoin's pullback stands out again, showing almost no panic, and the Bitcoin implied volatility index DVOL has shown a divergent trend.It is reported that Bitcoin's price has dropped by 7% this month. Meanwhile, Deribit's BTC DVOL index has decreased from (annualized) 75% to 70%. According to data from TradingView, this is a continuation of the pullback that started from a peak of about 80% in March.Since 2023, the implied volatility index of Bitcoin has been positively correlated with its price, rising alongside Bitcoin's price rebound, which is typically a characteristic of a bull market.

ChainCatcher News, the "Web3 Insight Summit" co-hosted by ChainCatcher, RootData, and Oak Grove Ventures, was held today at the Renaissance Hong Kong Harbour View Hotel. During the conference, Lin Chen, the head of the Asia-Pacific region for the cryptocurrency options exchange Deribit, delivered a speech titled "Deribit: Options Data Indicators and Hedging."Lin Chen explained the significance of several options data indicators from Deribit and shared how to use these indicators to guide trading. Among them, the DVOL Bitcoin Volatility Index is around 70%, indicating a high level. This means that the expected future high for Bitcoin is 1.7 times the current price, while the expected low is 1.3 times the current price, indicating significant volatility in Bitcoin prices.Lin Chen stated that through various options data indicators from Deribit, users can achieve considerable and stable returns.The "Web3 Insight Summit" is hosted by ChainCatcher, aiming to gather the most thoughtful and innovative senior professionals in Web3 from around the world to provide more constructive insights for the industry, present more industry insights, and help Web3 move towards the mainstream.

ChainCatcher news, Greeks.live researcher Adam posted on social media this week's outlook for the cryptocurrency market, stating that Bitcoin's volatility has significantly decreased over the past week, while the largest quarterly settlement in history has released a large amount of margin. However, the implied volatility (IV) for major expirations has not shown a significant decline, and Dvol remains high. Dvol is facing considerable downward pressure, and the IV for major expiration options, led by mid to short-term options, is likely to gradually decrease. In the cryptocurrency interest rate market, Bitfinex spot whales are continuously increasing leverage, and the green leaf interest rate market is becoming active again. Friends with idle funds can start increasing their lending in green leaf recently.In previous news, Deribit launched the Bitcoin Volatility Index DVOL, which calculates a 30-day annualized volatility measure using the implied volatility smile of options with relevant expiration dates.

ChainCatcher message, Deribit Asia Pacific Business Head Lin Chen posted on platform X stating: "The spot price of BTC continues to rise (new highs), but the DVOL volatility index has dropped from 84 to 73, which is quite an interesting indicator; simply put, the flames are still high (prices are high), but the fire is not burning stronger (expectations have come down). The trend of market sentiment may be changing."

ChainCatcher message, Deribit Asia Pacific Business Head Lin Chen posted on platform X that the DVOL volatility index of ETH has reached a new high in one year, hitting 81.

ChainCatcher news, according to CoinDesk, Deribit's BTC DVOL index (a measure of expected price volatility over the next 30 days) has surged to an annualized 76%, reaching a new high since November 2022.

ChainCatcher news, according to CoinDesk, the crypto options trading platform Deribit will launch futures products linked to Deribit's Bitcoin Volatility Index (DVOL) at the end of March, aiming to provide digital asset investors with a simpler way to hedge against market volatility than options.It is reported that DVOL was launched in early 2021 and calculates Bitcoin's 30-day implied volatility using Deribit's options order book. Deribit initially offered futures with a 1-month expiration, with plans to expand to 5 months in the future. (source link)