![Bitcoin options ATM implied volatility exceeds ETH for the first time](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-4.jpg&w=70&h=37&q=75)
Definition
Implied Volatility is the market’s expectation of volatility. This metric shows the ATM implied volatility for options contracts that expire 1 week from today.
Quick Take
- For the first time since data has been recorded on Glassnode, Bitcoin implied volatility had exceeded Ethereum implied volatility ( 1 week).
- Due to the implications of the past few weeks of bank failures, Bitcoin is outpacing Ethereum in terms of price action.
- Options volume hitting two-year highs in Bitcoin recently are all contributing factors to this surge in implied volatility.
BTC implied volatility (1 week): 74.8%.
ETH implied volatility (1 week): 71.3%.
![Implied Volatility: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/03/vol.png)