Bitcoin and Ethereum markets experienced reduced implied volatility in June despite geopolitical events that briefly affected prices.
Traders on Derive.xyz are now adjusting their strategies for a potentially volatile July after a period of muted response to global risks.
Implied volatility for Bitcoin and Ethereum decreased in June, with traders betting on a limited fallout scenario that eventually occurred.
Derive's options market activity indicates expectations of larger price actions in July, with a bullish sentiment leaning towards Ethereum due to fundamental catalysts.