Glassnode: Volatility premium grows in BTC options market

On-chain analysis firm Glassnode noted that the one-month implied volatility (IV) for BTC has surpassed 40%, while realized volatility remains around 35%. This indicates that the options market is pricing in greater price fluctuations than the spot market is currently experiencing. The firm added that short gamma positions are currently dominant in the BTC market, with the maximum negative gamma price level at $65,000. As BTC trades within this range, hedging demand could further amplify price volatility.