“It is not recommended to sell BTC unless necessary”

In the options market, the speculative behavior of investors and the risk control behavior of market makers jointly push up the implied volatility, which means that investors expect the level of market volatility to further increase. Investors expect that the price change of BTC on the 7th may reach 10.33%, while the price change on the 30th will exceed 19.8%.

The above means that, ideally, the price of BTC could even reach a new all-time high this week and cross $70,000 within a month, but investors may also experience a significant drop of more than 10%. Notably, the term structure of BTC options has shifted to a ‘contango’ pattern, indicating that investors expect the high volatility environment to continue.