Bitcoin Volatility Soars: Will BTC Hold Above $107,000 or Face Further Losses?

Recent data indicates a surge in Bitcoin volatility, pushing its price to near $109,000. This volatility is coupled with broader unease in equities and gold markets, creating heightened market tension. As Bitcoin’s implied volatility, tracked by Volmex’s BVIV index, surpassed 42% last month, this indicates traders anticipate sharp price swings ahead. Options market trends show increased hedging for downside risk as short-dated put options trade at a premium compared to calls. Futures and derivatives desks are also reporting heightened demand for protective measures in response to the cautious sentiment in the market.