March 2023 Crypto Options Recap: Volatility, Curve, Skew, and Flows
Summary
This brief market recap summarizes observations about Bitcoin and Ether derivatives for the week around March 1, 2023. It reports that implied volatility near Bitcoin’s $25,000 resistance level fell, the Bitcoin term structure returned to contango, and skew moved closer to flat as momentum weakened. It also notes reduced Bitcoin options volume and stronger Ether call volume.
The material is a concise set of market observations rather than a detailed research note. It gives no underlying data, measurement window beyond the weekly recap, quantitative values, methodology, or explanation of how the options-flow observations were interpreted. The points can orient readers to volatility pricing, term structure, skew, and relative options activity, but the document alone does not support a trading rule or establish what followed from these conditions.
Key ideas
- Bitcoin implied volatility near the stated $25,000 resistance level declined during the recap period.
- Bitcoin’s term structure shifted back into contango.
- Options skew moved toward flat as reported momentum faded.
- Bitcoin options volume fell while Ether call volume dominated.
- The recap gives no detailed data or method for evaluating these market observations.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.