POPA ReconBitcoin has broken below the February low and bounced from the June low.
Bitcoin has broken below the February low and bounced from the June low. Here's what Bitcoin options data reveals about positioning, volatility expectations, and market sentiment beneath the surface. Selloff Triggers a Temporary Volatility Spike ATM IV jumped as BTC broke below the February low, with 1W IV briefly reaching 65%. The spike quickly faded, with front end volatility back near 40%. Markets still view the selloff as a contained move. Protection Demand Spikes Then Fades 1W skew surged from 12% to 28% as BTC broke below the February low, reflecting a rush for downside protection.…
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