According to @glassnode, 1-week DTE BTC options display compressed implied volatility across strikes and open interest thins markedly above approximately $110,000, signaling limited near-term hedging demand, source: Glassnode X post Jan 12, 2026 https://twitter.com/glassnode/status/2010761968332718562. According to @glassnode, such conditions often precede faster repricing once volatility re-enters the market as positioning adjusts to new information, source: Glassnode X post Jan 12, 2026 https://twitter.com/glassnode/status/2010761968332718562.

According to Glassnode, during the sharp drawdown several weeks ago when Bitcoin (BTC) traded in the low-80K range, risk hedging activity rose with elevated put demand and expected price dispersion increased, indicating higher uncertainty. Source: Glassnode. More recently, market conditions have stabilized and expectations for extreme moves have moderated, yet implied volatility remains elevated versus the exceptionally low-volatility regime of the prior six months, suggesting a shift toward a more active volatility environment. Source: Glassnode.

According to @GreeksLive, BTC 1-week realized volatility is around 40% while month-end implied volatility is below 40%, signaling a relatively low pricing environment for BTC options, source: @GreeksLive, Nov 11, 2025. According to @GreeksLive, ETH month-end implied volatility is about 70%, lower than its 1-week realized volatility of 76%, source: @GreeksLive, Nov 11, 2025. According to @GreeksLive, given this RV over IV setup, options sellers see limited carry and are reducing exposure to near-term short puts to stay stable while looking for new trades, source: @GreeksLive, Nov 11, 2025.