Latest data from Matrixport shows that Bitcoin’s realized volatility is significantly lower compared to the 2020/2021 bull run. This change may stem from the rise of highly volatile alternative assets such as meme coins, or from institutional investors gradually replacing retail investors as the dominant force in the market.

With the launch of Bitcoin spot ETF options, there are new opportunities for market dynamic observation. Against the current backdrop of moderate Bitcoin 30-day realized volatility, traders can push up implied volatility by buying call options, or profit from the volatility premium by selling options.

The active options market marks another important milestone in the financialization of Bitcoin and is expected to increase market liquidity and attract more professional investors to participate.