Demand for Bitcoin call options rises, implied volatility rebounds

ChainCatcher report, according to BIT analysis, as demand for call options intensifies, implied volatility for both Bitcoin and Ethereum has risen again, suggesting that the summer period of low trading activity may be coming to an end. Recently, several large-scale call option trades have emerged. Meanwhile, Bitcoin’s implied volatility, which had previously declined from 44% to 31%, has now rebounded to 36%, further indicating a resurgence in bullish market sentiment. Although August and September are typically seasonally weak months, the increased demand for call options and rising implied volatility could provide some support for Bitcoin’s price. At the start of summer, BIT favored shorting volatility, anticipating a period of consolidation. However, as options positioning and overall market sentiment have turned more positive, BIT revised this outlook last week.