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'VOL is so back' as sleepy bitcoin market jolts awake

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Volatility made a big comeback with implied volatility returning to levels not seen since the meltdown of FTX.

Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.VOL is so back.

Whilst this recent drawdown wasn't nearly as brutal, there were some other parrels to crypto history, as noted by crypto firm QCP. Thursday's drawdown"brought back the 2021 and 2022 ghosts of Elon-driven tops and bottoms, and we certainly hope the market will revert to those times again." The firm added that the drawdown resulted in a shift in the derivatives market into"bear extension mode.

Suffice it to say, moves in spot, basis, vol, skew and convexity pricing were as extreme as this market has witnessed. Yet it occurred at a time where, at least ostensibly, all has been reasonably well for the digital asset ecosystem.

 

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