Woofun AI data shows that Bitcoin's implied volatility has recovered to 36% after declining from 44% to 31%, coinciding with a surge in call option transactions. This increase in demand for call options on both Bitcoin and Ethereum suggests that the period of low trading activity during the summer may be concluding.

BIT previously anticipated a market consolidation phase and adopted a short volatility stance at the start of summer.

However, driven by positive shifts in options positions and overall market sentiment, BIT revised this outlook last week to reflect the warming bullish sentiment.