Hi, user_no_name

Trade now

Deposit

Logout
Login Sign Up
EN

Language

English English (Global)

English English (EU)

English English (UK)

English English (AU)

English English (ZA)

English English (St. Vincent)

Deutsch German

Español Spanish (Latam)

Español Spanish (Spain)

Français French

Dansk Danish

Italiano Italian

Nederlands Dutch

العربية Arabic

Svenka Swedish

Tiếng việt Vietnamese

Bahasa Melayu Malay

ภาษาไทย Thai

繁體中文 Traditional Chinese

简体中文 Simplified Chinese

Tagalog Tagalog

தமிழ் Tamil

हिन्दी Hindi

Português Portuguese

Bahasa Indonesia Indonesian

한국어 Korean

English English (BVI)
Markets

Products

Forex

Shares

Commodities

Indices

Crypto

ETFs

Bonds
Trading

Trading Platforms

Web Platform

App

MT4

MT5

Trading Central

Trading Tools

CFD Trading Calculator

Forex Margin Calculator

Commodities Profit Calculator

Forex Profit Calculator

Economic Calendar

Quotes

Forex Heatmap

Trading Info

CFD Trading

CFD Asset List

Trading Conditions

Trading Hours

Expiration Dates

Upcoming Trading Holidays

Weekly Expiration Rollover

Trading Features

Depth of Market
Learn

Learn to Trade

Glossary

Education Centre

Trading Basics

Video library

News & Analysis

news

Academy

Trader's clinic

Webinars

US Nonfarm Payrolls
Promo

Ramadan Offers

Reward Hub

marketsClub

Welcome Bonus

Loyal Bonus

Referral Bonus

Swap-free Accounts
Partnership

Affiliation

IB
About

About Markets.com

Why markets.com

Global Offering

Our Group

Careers

Awards and Media

Help Support

FAQ

Help Centre

Contact Support

Complaints

Data & Security

Safety Online

Cookie Disclosure

Legal Pack

Legal Documents

Language

Bitcoin Volatility Shift: A Closer Look at Post-ETF Dynamics

Monday Nov 24 2025 09:10

2 min

Table of Contents

1. Bitcoin Volatility Overview
1.1 Historical Bitcoin Volatility
1.2 Recent Volatility Shift
1.3 Skew Chart Analysis
1.4 Large Options Positions
1.5 Potential Implications for Bitcoin Price
1.6 Conclusion

Bitcoin Volatility Overview

Bitcoin's market capitalization has experienced a significant decline, accompanied by challenges such as ETF outflows and whale selling. However, this analysis focuses on another crucial aspect: Bitcoin's volatility. After many believed that ETFs had "tamed" Bitcoin, the market seems to be reverting to its previous volatile behavior.

Historical Bitcoin Volatility

Data from the past five years shows spikes in volatility during major market events such as the Luna/UST collapse and the FTX downfall. However, since the approval of ETFs, volatility had remained relatively low until recently.

Recent Volatility Shift

In recent months, the Bitcoin volatility index has shown an uptick, indicating a potential shift in market dynamics. Contrary to previous trends, implied volatility has been rising even as the price of Bitcoin has declined.

Skew Chart Analysis

Skew chart analysis indicates that options trading, particularly call options, are playing a significant role in Bitcoin's price action. The rise in call option skew may indicate a potential "gamma squeeze," where traders are forced to buy Bitcoin to hedge their short positions, further driving up prices.

Large Options Positions

The largest open positions on the Deribit platform indicate significant demand for both put and call options, suggesting a wide range of expectations among traders. Additionally, analysis of BlackRock's IBIT options holdings reveals substantial interest in out-of-the-money call options.

Potential Implications for Bitcoin Price

If this volatility shift continues, we may see a Bitcoin price rally driven by options trading, in addition to flows from ETFs. However, if the volatility spike stalls, the price of Bitcoin may continue to decline.

Conclusion

The future of Bitcoin's price is uncertain, but the recent rise in volatility suggests that options trading may play a key role in determining its direction. The evolution of volatility in the coming months will determine whether we see an options-driven rally or a decline driven by selling pressure.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Written by:

Liam James

Latest news

Tuesday, 24 March 2026

Indices

NVIDIA GTC 2026 Keynote Highlights: Jensen Huang Predicts $1 Trillion AI Demand Through 2027

Tuesday, 24 March 2026

Indices

Top performing cryptos today: Siren (SIREN), Bittensor (TAO), Stellar (XLM)

Tuesday, 24 March 2026

Indices

Gold price today, March 25: Gold Surges Over $4,580 as XAUUSD Jumps 2.5% Amid Softer Dollar Pressure

Tuesday, 24 March 2026

Indices

Forex expo Dubai 2026: What is the investment event in Dubai 2026?

Monday, 23 March 2026

Indices

Commodity Market Today: Business Body Warns Middle East Conflict Could Derail SA’s 2026 Economic Recovery

Monday, 23 March 2026

Indices

Gold price today, March 24: Gold extends slide, XAU/USD price crashes below $4,200

Sunday, 22 March 2026

Indices

Gold price today, March 23: Gold drops, XAU/USD price plunges below $4,278

Sunday, 22 March 2026

Indices

BTC news today: Bitcoin keeps falling, what’s going on with bitcoin?

Thursday, 19 March 2026

Indices

ASX 200 Index today: ASX 200 (AXJO) shows resilience amid global uncertainty

Thursday, 19 March 2026

Indices

Gold price today, March 20: Gold price is crashing, XAU/USD saw below $4,700

See all news

Bitcoin Volatility Shift: A Closer Look at Post-ETF Dynamics

Bitcoin Volatility Overview

Historical Bitcoin Volatility

Recent Volatility Shift

Skew Chart Analysis

Large Options Positions

Potential Implications for Bitcoin Price

Conclusion

Latest news

Cookies

Strictly Necessary

Functionality Cookies

Targeting Cookies