Options on BlackRock’s iShares Bitcoin Trust (IBIT) currently reflect expectations of smaller price fluctuations compared to the fund’s recent performance during the Bitcoin rebound. According to Saxo Bank, the implied volatility for IBIT reached 37.4 percent, while the realized volatility over the 20 trading sessions ending Tuesday was 45.5 percent.
Data from September 23 indicates that IBIT’s implied volatility rank stands at 11.9. This figure places the metric near the lower end of its 12-month range, suggesting that the options market is anticipating more stable conditions than those observed in the recent past. Strategist Koen Hoorelbeke noted that the market is pricing in a calmer environment.
Technical analysis identifies a resistance level for Bitcoin near $87 000, where the asset's growth stalled on September 21. Support levels are currently situated between $76 000 and $77 000. At the time of the report, Bitcoin was trading at $84 751, marking a 1.6 percent increase over the previous 24-hour period.
