An analysis suggests that BTC volatility has rapidly decreased, indicating a market atmosphere where risk is not a major concern. According to CoinDesk, the BTC 30-day implied volatility index (BVIV) recently fell to 38%, its lowest level since October last year. Regarding this, Silian Tang, Partner at Monarch Asset Management, explained, "The drop in BVIV is a sign that risk aversion in the market has decreased. This is likely due to the easing of geopolitical tensions related to Iran and continuous BTC purchases by Strategy. In particular, Strategy's BTC purchases based on the STRC preferred stock structure are supporting the market's bottom, limiting downward volatility. Furthermore, institutional investors' systematic call option selling strategies have also contributed to the decrease in volatility. Currently, many institutions, while holding spot BTC, are continuously selling high strike price call options to secure option premium profits, and in this process, overall market implied volatility appears to be decreasing."
