Deribit Executive: Current BTC Implied Volatility is Lower Than 96.4% of the Past Year's Levels

According to TechFlow, on April 29, Lin, the head of Deribit's Asia-Pacific business, posted that the current Bitcoin volatility index (DVOL) is 47.08, which is in the low volatility range, with implied volatility lower than 96.4% of the levels over the past year.

Lin stated that under the current market conditions, if investors choose to sell Bitcoin call options with a strike price of 98 thousand USD expiring at the end of May, they can obtain a coin-denominated yield of 4.2%, with an annualized yield of approximately 25.58%. The breakeven point for this option is 102 thousand USD.