Bitcoin options volume hits highest level in almost two years – U.S. banking failures sparking volatility

Options volatility picks up with huge momentum, as options volume exceeds 100k Bitcoin — highest level in almost two years.

This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • Options volume is at its highest level in almost two years; the total volume (USD Value) traded in options contracts in the last 24 hours.
  • In BTC terms, this has surpassed over 100,000, or over $2.5 billion, in the past 24 hours.
  • Three U.S. banks have collapsed in the past week, injecting volatility into the marketplace — which could be a reason for investors to hedge in the options market.
  • As a result, options implied volatility has picked up massively, surpassing year-to-date highs at 78%.
  • This has also seen a spike in the VIX and Move index in traditional markets.
Options Volume: (Source: Glassnode)
Options Volume: (Source: Glassnode)
Options ATM Implied Volatility: (Source: Glassnode)
Options ATM Implied Volatility: (Source: Glassnode)