Bitcoin’s options market saw a brief spike in volatility after the cryptocurrency fell below its February low, before sentiment broadly stabilized, Glassnode said.
According to Foresight News, Glassnode reported that short-term implied volatility and skew rose sharply during the break but quickly reverted, suggesting the initial panic around the decline has largely faded.
Glassnode said 1-week at-the-money implied volatility briefly jumped to 65% before falling back to around 40%. Over the same period, 1-week skew climbed from 12% to 28% and then returned to 12%.
On volatility risk premium, Glassnode noted that 1-month realized volatility rebounded from 27% to 41%, roughly matching implied volatility and narrowing the spread.
In flows over the past seven days, Glassnode said taker activity remained defensive. Put buying accounted for 30.9% of options premium trading volume, compared with 20.1% for call buying.
On gamma exposure, Glassnode said the largest negative gamma cluster was near $65,000, above the spot price of about $63,800. It added that if price reclaims that area, market makers’ hedging could amplify upward momentum.
Glassnode concluded that the market has absorbed the initial shock of the decline, while overall options positioning remains cautious.
Glassnode Says Bitcoin Options Volatility Stabilizes After Price Breaks Below February Low
2026-06-12 11:23:47
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
