Bitcoin’s price soared to a record high above $109,000, pushing both implied and realized volatility to levels not seen since August. The Bitcoin Volatility Index (BVOL) reached 67, while the Bitcoin Volmex Implied Volatility Index (BVIV) hit 71. These indices, which measure historical and expected price fluctuations respectively, have both increased by about 2% in a single day. The surge in volatility coincides with a notable increase in options trading, particularly in call options, which are now trading at a premium compared to puts. This indicates a strong bullish sentiment among traders, especially in the short term. Open interest in bitcoin options has jumped by 44,000 BTC, reflecting heightened speculative activity. This market behavior is partly driven by anticipation of President-elect Donald Trump’s potential announcement of a strategic bitcoin reserve, which could further influence market dynamics.
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