Bitcoin options ATM implied volatility exceeds ETH for the first time

The Bitcoin options ATM implied volatility (1 week) indicator has reached 74.8%, surpassing ETH — which is currently at 71.3%.

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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)
Implied Volatility: (Source: Glassnode)