Deribit Exchange Data Shows Altcoins Surge as Bitcoin Volatility Nears Historic Lows
Investors are shifting capital into altcoins, driving rallies in ethereum (ETH), Raydium (RAY), Ethena (ENA), and Maker (MKR) while Bitcoin (BTC) remains stagnant above $100,000. Despite being just 7% below its all-time high, Bitcoin’s 30-day implied volatility—tracked by Deribit’s DVOL index—has dropped to June 2024 lows, historically signaling impending sharp price movements.
"Options implied volatility is extremely low, the market doesn’t seem to expect strong moves, and 1- to 3-month option pricing remains cheap," said Georgii Verbitskii, founder of crypto investment app TYMIO. "This complacency often precedes a major shift." The divergence between altcoin momentum and Bitcoin’s stagnation suggests potential volatility expansion across crypto markets.
