Gate Research: BTC implied volatility reaches 81% of annual value, dominated by put spread strategies

BTC’s implied volatility stands at 81.7%, reflecting heightened expectations for short-term fluctuations. Recent trading indicates that both cryptocurrencies are facing significant put spread strategies, underscoring a shift towards short-term protective measures.

In the latest trading, a large structure for BTC involves buying 75,000 puts and selling 80,000 puts with a net premium of 370,000 USD. For ETH, a similar strategy involves 1,800 puts bought and 1,500 sold, totaling a net premium of 320,000 USD.