Bitcoin's 30-day implied volatility has fallen to approximately 42%, hitting a three-month low

Odaily reported that a Bitfinex report indicates Bitcoin's 30-day implied volatility (IV) has fallen to approximately 42%, hitting a near three-month low, a significant decline from the peak of around 56% seen between January and February 2026. Additionally, the market has experienced negative funding rates for 26 consecutive days, coupled with declining options prices, forming a clear structural asymmetry. If Bitcoin's spot price effectively breaks above the short-term holder realized price level of $80,100, the cost of holding short positions will rise significantly. However, the current options market has not fully priced in this scenario, suggesting call options may be systematically undervalued.