Murphy: Bitcoin options are at a low level, presages large market fluctuations

According to the early issuance of In-A, analyst Murphy indicated that Bitcoin options implied volatility was currently very low, with an implied volatility of 33 per cent for a week and 34 per cent for January, both below 40 per cent of historical ranges. Murphy statistics indicate that there have been two similar cases in the past year: 15 days after the implicit volatility of less than 40 per cent at the beginning of the month, 14 days after the BTC fell from $97,000 to $62,000 at the end of April, and from $82,000 to $60,000 after 15 June. Murphy noted that low implied volatility associated with market consensus, the accumulation of volatile arbitrage and the short-gamma mechanism for market traders could magnify the impact of over-expected events and alert contract traders to preparedness。