According to Greeks.live, crypto options are repricing ahead of the Federal Reserve’s rate decision, with implied volatility on contracts expiring tomorrow rising significantly, source: Greeks.live. Greeks.live also reports that realized volatility has increased markedly versus last month while overall trading volume has declined, creating a divergence between volatility and volume, source: Greeks.live. Greeks.live adds that the market is on the verge of choosing direction and suggests buying options in the latter half of the month as a potentially better setup for an anticipated major move, source: Greeks.live.

According to @GreeksLive, BTC near-term options implied volatility is around 35% or lower even as spot rebounded over the past two days, indicating a muted options response and compressed near-term risk pricing; source: @GreeksLive. ETH’s recovery has been weaker with implied volatility generally hovering near 65%, signaling higher perceived short-term risk versus BTC and a cross-asset volatility divergence; source: @GreeksLive. Based on @GreeksLive data, traders can infer tighter expected near-term ranges and cheaper premium on BTC versus relatively richer premium and wider ranges on ETH, favoring relative-value volatility positioning over outright direction; source: @GreeksLive.