Deribit BTC IV implied volatility rises to 52%
Deribit's Head of Asia Pacific Business, Lin Chen, posted on platform X saying: "The current BTC's IV implied volatility clearly jumped to 52% on June 8th, surpassing the IV data at the end of June. It is clear that the market is buying options to hedge/bet on the U.S. non-farm employment data to be released at 8:30 pm on June 7th. If the data is less than expected, BTC may likely hit a new high; I see this scenario possibly being that after hitting a new high, next Thursday's FOMC meeting will have Fed dovishness controlling everyone's expectations and then prices retreating."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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