"Bitcoin Market Calmed in 2025 with the Influence of Institutional Investors"

Decreasing Volatility in the Bitcoin Market in 2025

As of 2025, the volatility in the Bitcoin market has noticeably reduced. This change is primarily driven by institutional investors utilizing derivatives to generate returns on their unused assets.

The annualized 30-day implied volatility for Bitcoin has significantly decreased 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 for put options (bear options) compared to call options (bull options), driven by an increased demand for hedging strategies against a bear market.