Although the cryptocurrency price hit a new high today, the implied volatility (IV) of major-term options and expiration options did not increase; instead, it decreased compared to when it broke through 70,000.
In the past week, VRP has dropped significantly, declining nearly 20% across all maturities. This divergence generally indicates that institutions believe the rebound has come to an end and momentum is waning.
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Although the cryptocurrency price hit a new high today, the implied volatility (IV) of major-term options and expiration options did not increase; instead, it decreased compared to when it broke through 70,000.
In the past week, VRP has dropped significantly, declining nearly 20% across all maturities. This divergence generally indicates that institutions believe the rebound has come to an end and momentum is waning.