ProCap CIO: Bitcoin put options OI scale was large at the end of December, and implied volatility returned to pre-ETF listing levels

PANews reported on November 23 that Jeff Park, chief investment officer of Bitcoin treasury company ProCap and Bitwise consultant, analyzed that Bitcoin’s implied volatility has never exceeded 80% since the FTX crash. The closest to 80% was in March last year, when the spot Bitcoin ETF experienced continuous capital inflows, but now the indicator has returned to the pre-ETF listing level. According to data disclosed by Jeff Park, among the Bitcoin options expiring on December 26, the open interest (OI) of the $85,000 put option is relatively large, about $1 billion, which is higher than the $125,000 call option ($620 million), the $140,000 call option ($950 million), and the $200,000 call option ($720 million).

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