🚨 $BTC Volatility Post Crypto Summit – Will It Stick?

Realized volatility (RV) has hit 91.03 on @DeribitExchange far exceeding implied volatility (IV) at 72.37—a sign that traders are underpricing risk.

With leverage wiped out last week, does that mean volatility cools down? Or will thin liquidity around the event keep markets choppy? :

(h/t @laevitas1 )