Deribit: BTC volatility remains at low levels

BTC's implied volatility is holding at relatively low levels ahead of the $10.5 billion quarterly options expiry, according to an analysis by crypto derivatives exchange Deribit. The Deribit Volatility Index (DVOL) is currently at 41.5%, a significant drop from its 90% level in February of this year. Low implied volatility in BTC suggests that traders do not expect large price swings in the near future. This, in turn, lowers option premiums, reducing the cost of hedging or making directional bets. In an interview with CoinDesk, Deribit Chief Business Officer Jean-David Péquignot assessed that while BTC volatility is low compared to historical levels, it is not at an extreme low.