According to @BitMEXResearch, Bitcoin (BTC) is experiencing a period of extremely low price turbulence, with the 30-day implied volatility index (DVOL) falling below 40% to its lowest level in nearly two years. Despite this calm, market makers are signaling that such periods rarely last. Jimmy Yang, co-founder of Orbit Markets, suggests that with the market direction unclear, going long on volatility through instruments like volatility swaps is a viable strategy to position for future price movement. The market is receiving mixed signals, with continued inflows into spot Bitcoin ETFs being counteracted by selling from long-term holders and flat open interest in futures, creating uncertainty about the sustainability of any price rally. Traders are also watching upcoming U.S. labor market data for clues on the Federal Reserve's future interest rate policy. Additionally, historical analysis from market maker Wintermute indicates that July has typically been a month of positive returns for BTC, while a potential 'death cross' on the U.S. Dollar Index (DXY) chart presents a key macro indicator to monitor.

According to @MilkRoadDaily, with Bitcoin (BTC) price volatility hitting a nearly two-year low, market makers are suggesting that this period of calm is unlikely to last. The analysis highlights that Deribit's DVOL index, measuring 30-day implied BTC price turbulence, fell below an annualized 40%. Jimmy Yang of Orbit Markets advises that going long on volatility through instruments like volatility swaps is a strategic way to position for a return of significant price movement, regardless of direction. In parallel, social media platform X has suspended the official account for memecoin launchpad Pump.fun and other related accounts, fueling speculation of a broader crackdown on memecoin-related activities. Meanwhile, trading volumes on memecoin launchpads have reportedly slumped, with Pump.fun's monthly volume dropping from $11.6 billion in January to $3.5 billion, according to DeFiLlama data.

According to @MilkRoadDaily, Bitcoin (BTC) is experiencing historically low price turbulence, with the 30-day implied volatility index (DVOL) falling below 40% to its lowest level in nearly two years. Market maker Jimmy Yang of Orbit Markets suggests this period of calm is unlikely to last and that traders are positioning for a significant price movement by going long on volatility through swaps and futures, as cited in the report. This market condition coincides with a potential crackdown on memecoins, evidenced by social media platform X suspending the accounts of Pump.fun and other related platforms without explanation. The suspension has fueled speculation about wider regulatory action, as reported by the source. Meanwhile, traders are also watching major upcoming token unlocks, including Optimism (OP), Sui (SUI), and Ethena (ENA), which could introduce selling pressure. The report also notes that memecoin trading volumes on launchpads like Pump.fun have significantly decreased from their peak.

According to @rovercrc, softer-than-expected U.S. inflation data has created a significant bullish catalyst for Bitcoin (BTC). Matt Mena, a crypto research strategist at 21Shares, stated that if momentum continues, a $200,000 price for Bitcoin by year-end is now "firmly in play." Mena noted that the cooling CPI report strengthens the case for Federal Reserve policy easing later this year, which could accelerate BTC ETF inflows and institutional adoption. Separately, NYDIG Research highlighted that Bitcoin's volatility has been trending lower, even as the asset reaches new all-time highs. NYDIG suggests this low-volatility environment presents a unique trading opportunity, as it makes both call options (for upside exposure) and put options (for downside protection) "relatively inexpensive." This allows traders to cost-effectively position for directional moves ahead of potential market-moving catalysts in July.

According to @KookCapitalLLC, recent market analysis highlights significant trading dynamics in the cryptocurrency space. Analyst Aaron Brogan suggests the successful IPO of Circle (USDC) may be driven by factors including premium valuations for crypto-related public companies, potential regulatory clarity from the GENIUS Act for stablecoins, and a favorable macro environment with high Treasury yields benefiting issuers. Separately, NYDIG Research notes that while Bitcoin (BTC) is trading above $100,000, its volatility has trended lower due to increased demand from treasury companies and sophisticated options strategies. NYDIG points out that this decline in volatility makes both call and put options "relatively inexpensive," presenting a cost-effective opportunity for traders to position for directional moves ahead of key catalysts like the SEC's upcoming decision on the GDLC conversion. Adding to market sentiment, Jean-Marie Mognetti of CoinShares reports that survey data shows nearly 9 in 10 crypto holders plan to increase their allocations, indicating strong underlying investor commitment.

According to Lin Chen, head of business development - Asia at Deribit, Bitcoin's put-call ratio has increased to 0.72 ahead of a $14 billion options expiry on Deribit, driven by cash-secured puts as a yield-generation and BTC accumulation strategy. Deribit Metrics data shows 141,271 BTC options contracts expiring, with 20% of calls in-the-money, suggesting profitability linked to persistent BTC ETF inflows and potential volatility around the event. Wintermute's OTC desk reported neutral market flows with a slight bullish bias, including straddle selling at $105,000 and put shorting at $100,000, indicating expectations for tight price action near the max pain point of $102,000.

According to André Dragosch (@Andre_Dragosch), analysis of the past top 20 geopolitical risk events since Bitcoin's inception shows that BTC has averaged a 64.6% price increase 50 days after each event, with a median gain of 17.3%. This historical data suggests that traders and investors should closely monitor geopolitical developments as they present significant trading opportunities for Bitcoin. The findings highlight Bitcoin's role as a hedge during times of global uncertainty, reinforcing its appeal for crypto market participants seeking volatility-driven gains. Source: @Andre_Dragosch, Twitter, June 13, 2025.

According to @AltcoinGordon, volatility in the cryptocurrency market is not just a risk factor but a core driver of asymmetric wealth opportunities for traders and investors. The tweet emphasizes that those who embrace and strategically manage volatility in assets like BTC and major altcoins are more likely to achieve outsized gains, distinguishing themselves from risk-averse market participants (Source: @AltcoinGordon, June 12, 2025). This perspective is crucial for crypto traders, as periods of high price swings often lead to significant profit potential, especially when employing disciplined trading strategies.

According to Matt_Hougan, a live Q&A session is being hosted with options trading expert @dgt10011, focusing on options income strategies. This event offers traders actionable insights into generating consistent income using option contracts—a technique increasingly relevant for cryptocurrency markets as derivatives trading volumes surge. Participants can expect to learn about risk management, premium selling, and volatility exploitation, with practical takeaways for adapting traditional options strategies to digital assets trading. Source: Matt_Hougan on Twitter, June 10, 2025.

According to Matt_Hougan, Bitwise has launched IGME, the first covered call ETF focused on GameStop, allowing investors to access options income strategies linked to GME without direct exposure to the stock itself (source: Matt_Hougan on Twitter, June 10, 2025). This ETF introduces a new way for traders to generate yield from GME volatility, and its innovative structure may set a precedent for similar options income products tied to highly volatile equities. For the crypto market, the launch signals increasing convergence between traditional derivatives strategies and speculative retail assets, potentially accelerating demand for crypto-based option income products and driving greater liquidity and innovation in the DeFi options sector.

According to AltcoinGordon, large market participants are employing various tactics to induce volatility and shake out retail investors, but he emphasizes holding firm despite these moves (source: AltcoinGordon on Twitter, June 6, 2025). This signals potential short-term price swings and increased market manipulation, which traders should monitor closely for entry and exit opportunities. Understanding these whale-driven strategies is critical for risk management and timing in the current volatile crypto environment.

According to Eric Balchunas, low volatility ETFs have experienced five years of consecutive outflows and multiple liquidations, signaling a major shift in investor preference toward buffer ETFs that offer more predictable downside protection. This structural change in traditional ETF demand suggests investors are prioritizing risk management and stability, which could impact broader portfolio allocations, including reduced appetite for risk-on assets like cryptocurrencies. As more capital flows into buffer ETFs, the search for volatility and higher returns may shift toward crypto markets, potentially increasing digital asset trading activity as traders seek alternative high-yield opportunities (Source: Eric Balchunas, Twitter, June 3, 2025).

According to Michaël van de Poppe (@CryptoMichNL), he's holding his portfolio while hedging on the way up and rotating towards safer assets. His day trading strategy focuses on volatility, which he reports is performing tremendously.