TechFlow News, July 22, according to the market analysis released by BIT's official Chinese channel, as demand for call options continues to heat up, the implied volatility of Bitcoin and Ethereum has risen simultaneously, indicating that the quiet summer trading session may be nearing an end, and market expectations for Bitcoin's upside have strengthened.
The analysis pointed out that multiple large call option trades have appeared in the market recently. Among them, Bitcoin's implied volatility previously fell from 44% to 31%, and has now rebounded to 36%, reflecting a warming of market bullish sentiment. Although August and September are typically seasonally weak months, the rise in call option demand and implied volatility may still provide some support for Bitcoin prices.
BIT also stated that it was inclined to short volatility in the early summer, judging that the market would enter a consolidation phase; however, as option positions and overall market sentiment turned positive, it adjusted this judgment last week.
