Woofun AI data shows that Bitcoin's 30-day implied volatility index (DVOL) has declined to 41.5%, significantly under the 90% high recorded in February. Deribit Chief Commercial Officer Jean-David Péquignot indicated that current volatility levels are historically low, reflecting reduced trader expectations for major price swings and lowering option costs.

On Friday, $10.5 billion in quarterly cryptocurrency options will expire. Current market conditions feature call option volatility substantially lower than put option volatility, enhancing the appeal of call spreads. Péquignot added that recent tech stock declines and upcoming U.S. core PCE inflation data on Thursday could trigger short-term volatility increases.