QCP Capital: Bitcoin and Ethereum options implied volatility diverges significantly

PANews reported on May 9 that QCP Capital, a Singapore-based crypto investment institution, said in a statement that in the current flat market, the implied volatility of Bitcoin and Ethereum options has diverged significantly. The implied volatility of Bitcoin options in May has fallen below 50%, while the implied volatility of Ethereum options has been pushed up to nearly 60%. The logical reason for this situation is that the market's expectations for the approval announcement of the Ethereum spot ETF have brought volatility pricing.

In terms of capital flows, some large speculators are buying very short-term (less than 2 weeks) Ethereum call and put options with a nominal principal of about 10,000 ETH, trying to capture price breakouts. In addition, some familiar Ethereum call option sellers are buying back a large number of call options expiring at the end of May.