Market Volatility - Market volatility has increased due to approximately $23 billion in Bitcoin options expiring next Friday [1] - This expiration accounts for over 50% of total open interest on Deribit [1] - The large option expiration could amplify price swings [1] Options Market - Thirty-day implied volatility has rebounded to nearly 45% [1] - Options skew around -5% indicates downside risk dominates market pricing [1]

Market Trends - Bitcoin's implied volatility is in "meltdown" at a multi-month low [1] - Altcoins like ZEC and AAVE are outpacing the market with over 9% gains [1]