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Derive: As the volatility of BTC and ETH decreases in June, options traders are betting on a "big market" in July.
PANews reported on July 4th, according to The Block, that Sean Dawson, the head of research at the derivatives trading platform Derive, stated in the latest market report that the implied volatility of Bitcoin and Ethereum decreased in June, prompting Derive.xyz traders to position themselves this month in anticipation of a significant market breakout. Data shows that the 30-day implied volatility is on a downward trend, with Bitcoin's implied volatility falling from 44% to 36%, and Ethereum's from 68% to 60%. Dawson pointed out that traders have positioned themselves in advance; although the market pulled back when the situation in the Middle East escalated in June, volatility briefly surged, indicating that the market bets on the limited impact of the conflict and that traders accurately predicted the conflict to be controllable. Looking ahead, the platform believes that Bitcoin and Ethereum may be bullish this month and in the third quarter, but is more optimistic about Ethereum's volatility potential. The Derive probability engine shows that the probability of Bitcoin breaking through $130,000 before the end of August is only 10%, but traders are focusing their positions at that price point. However, nearly 80% of the bullish holdings of Ethereum options expiring in July on the Derive platform are above $3,000. Dawson believes that Robinhood-related plans may help Ethereum break through, and traders are betting on significant market movements in July, with all eyes on the development of bullish factors.