BTC, ETH options markets show falling short-term volatility

Short-term volatility indexes in the Bitcoin and Ethereum options markets are declining, Coindesk reported. On the crypto options exchange Deribit, the 30-day implied volatility index for Bitcoin (DVOL) has dropped to 40, its lowest level since October 2025. The 30-day DVOL for ETH has also fallen to 60, its lowest point since September 2024. The media outlet interpreted these figures to mean that investors see a low probability of sharp, near-term market fluctuations, despite headwinds from geopolitical risk, slowing demand for ETFs, and a strong U.S. dollar environment.