Written by Yohan Yun staff editor Reviewed by Michael Millard staff writer
IBIT’s expected volatility sits near the bottom of its 12-month range, according to Saxo Bank’s analysis of options data from Sept. 23.
Options on BlackRock’s iShares Bitcoin Trust (IBIT) are pricing smaller swings than the fund experienced during Bitcoin’s recent rebound, according to Saxo Bank.
IBIT’s implied volatility stood at 37.4%, compared with realized volatility of 45.5% over the 20 trading sessions through Tuesday, Saxo investment and options strategist Koen Hoorelbeke wrote Thursday.
Based on Wednesday’s data, Hoorelbeke’s analysis put IBIT’s implied volatility rank at 11.9, placing the measure near the bottom of its 12-month range.
“In our view the options market appears to be pricing calmer conditions than the recent past produced,” Hoorelbeke wrote.
Implied volatility reflects expectations of future price swings embedded in options prices, while realized volatility measures past movements.
Hoorelbeke identified resistance around $87,000, where Bitcoin’s advance stalled on Sept. 21, and support between $76,000 and $77,000.
Bitcoin traded at $84,751 at the time of writing, up 1.6% in the last 24 hours, according to CoinGecko .
Related: Bitcoin ETF inflows slow to $191M as six-day streak reaches $2.8B
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs
Source link
