Bitcoin Sees Significant Surge in Implied Volatility Since November

The recent surge in Bitcoin's implied volatility marks the largest increase since November, showcasing a trend of traders actively seeking to safeguard their investments. This heightened volatility reflects a growing eagerness among market participants to hedge against potential price fluctuations.

However, it is important to note that while this spike is significant, implied volatility levels have not reached extremes when compared to the past year's trends. This suggests that while traders are becoming increasingly cautious, the overall market remains within a relatively stable range.