Bybit X Block Scholes Report: BTC Volatility Hits Historic Lows, Skew Turns Bearish; Put Spreads Favored

BitcoinWorld Bybit X Block Scholes Report: BTC Volatility Hits Historic Lows, Skew Turns Bearish; Put Spreads Favored DUBAI , UAE , Sept. 26, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Bybit X Block Scholes Options Volatility ￰0￱ collaboration with Block ￰1￱ latest edition highlights a sharp decline in realized volatility across major cryptocurrencies, a bearish shift in bitcoin skew, and strategic insights into options ￰2￱ report underscores a market dynamic where realized volatility for bitcoin (BTC), ether (ETH), and solana (SOL) reached historic lows in early September, even as macroeconomic headwinds and monetary policy shifts added pressure to global ￰3￱ the subdued realized activity, implied volatility remains elevated, pointing to ongoing demand for risk ￰4￱ highlights: Historic lows in realized volatility: BTC, ETH, and SOL all posted realized volatilities significantly below their 2025 averages, with BTC falling to 20% compared to its annual mean of 42%.

Persistent implied premium: Options continue to price implied volatility at roughly 1.5 times realized levels across major assets, a trend that narrowed slightly following the Federal Reserve’s September policy ￰5￱ bitcoin skew: Despite bitcoin’s all-time high of $124,000 in August, options markets priced downside protection at a premium, marking a sentiment shift from bullish to ￰6￱ skew has since remained negative, while ETH skew diverged in late September toward call-side ￰7￱ Volatilities Collapse to Historic Lows Despite macro-driven rallies in August and September, realized volatility for BTC, ETH, and SOL fell to historic lows. Seven-day realized volatility dropped to 20% for BTC (vs.

a 2025 average of 42%), 40% for ETH (vs. 71%), and 56% for SOL (vs. 85%). Implied volatility, however, held at roughly 1.5 times realized levels across all three assets, a pattern the report attributes to structural demand for optionality beyond short-term event ￰8￱ Skew Reflects Bearish Sentiment Amid Inflation Shock Bitcoin’s August 14 all-time high of $124,000 quickly reversed following a hotter-than-expected inflation print, driving risk-off ￰9￱ markets reacted with BTC’s 90-day skew turning negative for only the third time this year, reflecting strong demand for downside protection at that ￰10￱ bearish skew has persisted through September, with ETH diverging — flipping bullish on out-of-the-money calls — creating the sharpest year-to-date split in skew and volatility between the two ￰11￱ full analysis is available in the Bybit X Block Scholes Options Volatility Report . #Bybit / #TheCryptoArk /#BybitResearch / #BybitLearn About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million ￰12￱ in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for ￰13￱ a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain ￰14￱ for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of ￰15￱ the future of decentralized finance at ￰16￱ more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.

com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit X Block Scholes Report: BTC Volatility Hits Historic Lows, Skew Turns Bearish; Put Spreads Favored first appeared on BitcoinWorld .