Bitcoin 30-day implied volatility has dropped to around 42%, hitting a three-month low

Odaily Odaily reports that according to a Bitfinex report, Bitcoin's 30-day implied volatility (IV) has fallen back to approximately 42%, hitting a new low in the past three months. This marks a significant decline from the high of around 56% seen between January and February 2026. Additionally, the market has experienced 26 consecutive days of negative Funding Rate. Coupled with the decline in option prices, this has created a noticeable structural asymmetry. If Bitcoin's spot price effectively stands above the short-term holder's realized price level of $80,100, the cost of short positions will rise significantly. However, the current options market has not fully priced in this scenario, and call options may be systematically undervalued.