"The Bitcoin market calmed down in 2025 under the influence of institutional investors."

Decreased Volatility in the Bitcoin Market in 2025

As of 2025, the Bitcoin market has seen a noticeable reduction in volatility. This change is primarily due to institutional investors using derivative products to generate returns on their unused assets.

The annualized 30-day implied volatility for Bitcoin has decreased significantly from 70% to 45%. The preference of institutional investors for the covered call strategy supports this situation.

These preferences have led to a continuous premium on put options (bear options) compared to call options (bull options) due to the increased demand for hedging strategies against bear markets.