The spread between the forward-looking, 30-day implied volatility indexes for ether (ETH DVOL) and bitcoin (BTC DVOL) flipped positive in April on dominant crypto options exchange Deribit. Since then, it has risen to 17%, according to data tracked by Amberdata. Implied volatility estimates the degree of future price swings based on options prices.
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
The DeFi sector's struggle coincided with a period of lull in the crypto market, with bitcoin (BTC) and DeFi hotbed...