BTC and ETH Implied Volatility Surges Above 65% and 80% as Traders Hedge Downside Risks

Implied volatility for major maturities has climbed sharply since last week, with BTC short-term IV now above 65% and ETH short-term IV over 80%, both at recent highs, Greeks.live analyst Adam said on March 9, ChainThink reports. He noted the U.S. February CPI data is due Wednesday, unemployment figures on Thursday, and the January PCE price index on Friday, while adding that the practical macro driver for markets is the disruption of global oil transportation linked to military actions by the U.S. and Israel against Iran in the Strait of Hormuz. Expectations for volatility this month are increasing and skew has fallen noticeably in recent days, reflecting stronger demand for downside protection, ChainThink reported.