Deribit Option Market Report: 0819 — Rapid drop
Bitcoin fell back to $11,750, and IV also fell back quickly. In yesterday's broadcast, according to various data, Bitcoin failed to effectively break away from $12,000, and there was a rapid correction today. The drop of Ethereum is more obvious, and it is close to the price of the previous sideways platform near $400.
BTC historical volatility BTC historical volatility 10d 43% 30d 58% 90d 50% 1Y 80% Implied volatility for each normalized term: Implied volatility for each normalized term: Today: 1m 65%, 3m 75%, 6m 76% 8/18：1m 70%, 3m 77%, 6m 78% Skewness: Skewness: Today: 1m +5.9%, 3m +9.3%, 6m +15.8% 8/18：1m +7.9%, 3m +9.3%, 6m +13.8% The short-term skew is falling, and the medium and long-term call options are rising instead. The trend of skew is completely different from the previous few days, and the long-term skew has returned to its historical high. It can be seen from BTC Option Flows that selling call accounts for 39% today, with a nominal value of about 3,000 coins. In the market where the breakthrough fails, it is a very common phenomenon to increase the bullish price. From the perspective of changes in open interest, options due at the end of the month occupy the mainstream of transactions, and the trading volume at par is large, which is a rare situation in this round of bull market. It may be that some of the dormant sell-side strategies are starting to run again. secondary title ETH Historical Volatility 10d 78% 30d 83% 90d 67% 1Y 101% Each standardized period IV: Each standardized period IV: The price of Ethereum did not rise yesterday, but the IV has risen; today the price has fallen, and the IV has also fallen, but it is still at a high level, and there may be more sellers in the next month. 8/18 : 1m 99%，3m 99%，6m 91% The price of Ethereum did not rise yesterday, but the IV has risen; today the price has fallen, and the IV has also fallen, but it is still at a high level, and there may be more sellers in the next month. Ethereum’s Call Sell today has a nominal value of 17,700 coins, Call Buy has 15,400 coins, and there is also a Call Block of 5,000 coins. A total of 80% of transactions are for call options. The balance of the trade has tipped and there is now a very serious imbalance between calls and puts on Ethereum.【BTC Options】
ETH Historical Volatility
