2025-12-18 05:59:37

During the sharp drop a few weeks ago, traders increased hedging, with strong demand for put options as price fell into the low-$80K range. This reflected higher uncertainty in the market.

Recently, conditions have stabilized and expectations of extreme moves have eased. However, implied volatility is still higher than the very calm period seen over the past six months, suggesting a more active volatility phase ahead

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