ProCap CIO: Bitcoin’s put option open interest volume was substantial at the end of December, with implied volatility returning to pre-ETF listing levels

Jeff Park, Chief Investment Officer of ProCap, pointed out that since the FTX crash, Bitcoin’s implied volatility has not gone beyond 80%. As of December 26, the open interest for the $85,000 put option is about 1 billion USD, notably overshadowing call options.