Bitcoin's sudden drop last week led to a dramatic spike in implied volatility for options set to expire within a week. While the options market remained stable in terms of open interest, sharp adjustments in implied volatility and the 25 delta skew... How did this shape the market's sense of uncertainty and caution?
Bitcoin dips but options market holds steady Bitcoin dips but options market holds steady
Stable open interest shows the options market remained relatively unfazed by Bitcoin's price drop.
2 min read
Updated: Aug. 22, 2023 at 11:56 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.