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Bitcoin and Ether Options: Volatility, Term Structure, Skew, and Flows

Article Amberdata research
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Summary

This mid-week recap summarizes conditions in Bitcoin and Ether derivatives as of February 22, 2023. It highlights a sharp Bitcoin rally toward a stated resistance level, an inverted Bitcoin options term structure, and a shift in Bitcoin skew toward call premium, led by shorter-dated options. It also reports that call options dominated trading volume in both Bitcoin and Ether, while Ether flows were described as more mixed.

The observations offer a compact snapshot of price action and options positioning, rather than a complete analysis. The text provides no underlying data, definitions, comparison period, or method for measuring volatility, skew, term structure, or flows. It does not establish that call-heavy activity predicts further gains, nor does it give an options strategy, risk framework, or subsequent performance. Treat the recap as a dated market commentary, not standalone evidence for a trade.

Key ideas

  • The recap describes a sharp Bitcoin rally approaching a stated resistance level.
  • Bitcoin’s options term structure is reported as inverted.
  • Bitcoin skew is said to have shifted toward call premium, especially at the front end.
  • Call options dominated reported volume in both Bitcoin and Ether, though Ether flows were more mixed.
  • The recap is a dated snapshot and provides no underlying data or test of predictive value.

Tags

CryptoOptionsVolatilityDerivatives pricing

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.