10x Research says BTC options are cheapest in five years

BTC option prices are at their cheapest level in five years, according to crypto research firm 10x Research. 10x Research said implied volatility for front-month BTC options stood at 33.5%, more than four percentage points below realized volatility. Over the past week, option skew fell by about three percentage points, while October-expiry put options with strike prices of $78,000 and $80,000 saw block trades totaling as much as $204 million. The firm said the activity appeared to reflect investors hedging downside risk while maintaining long positions, rather than betting on a bearish move.