At press time, the ETH-BTC DVOL spread stood at -2.5, having hit a three-year low of -7.8 last week, according to data source Amberdata. Implied volatility, or IV, represents traders’ expectations for price turbulence over a specific period and is positively impacted by the demand for options. A call option represents a bullish bet on the underlying asset, while a put represents a bearish bet.
Source: https://www.coindesk.com/markets/2023/06/27/whale-drives-ether-bitcoin-volatility-spread-lower-ahead-of-options-expiry/?utm_medium=referral&utm_source=rss&utm_campaign=headlines