Annualized Implied Volatility
38.2%
Realized over 30 days: 39.2%
Reading the market regime before prices move
Reading the market regime before prices move
Bitcoin also trades through US funds and stocks that have options. Dealer positioning in these contracts shows where hedging concentrates. This bridge links the section to the platform's gamma tools.
Step 1: read the market first · Last scan
Fund IBIT and its peers have US options. Net gamma shows whether dealers hedge against the move (positive) or with it (negative), and the Gamma Flip is the price where that flips. The put-to-call ratio is calculated from Open Interest .
| Fund | Asset | Price | Net gamma | Gamma Flip | Distance from it | Sell to buy |
|---|---|---|---|---|---|---|
| IBIT BlackRock | BTC | 47.11$ | Positive 89.49M$ | 45.04$ | +4.39% | 0.69 |
| FBTC Fidelity | BTC | 72.35$ | Positive 1.14M$ | 68.34$ | +5.55% | 0.34 |
| BITB Bitwise | BTC | 45.16$ | Positive $446,874 | 42.23$ | +6.48% | 0.36 |
| ARKB ARK | BTC | 27.59$ | Positive $165,988 | — | — | 0.29 |
| GBTC Grayscale | BTC | 64.26$ | Positive 1.39M$ | — | — | 0.26 |
| ETHA BlackRock | ETH | 56.68$ | Negative −1.22M$ | 57.40$ | −1.28% | 1.44 |
| ETHE Grayscale | ETH | 20.10$ | Positive $116,029 | 22.68$ | −12.84% | 0.47 |
Source: US options chains · updated during the US market session · Last updated
Implied Volatility : DVOL is the volatility priced by Bitcoin options on Deribit. It converts to an expected range: on a normal day, price usually stays inside the first range.
38.2%
Realized over 30 days: 39.2%
81,634.76$ – 84,969.01$
±2.00%
78,989.44$ – 87,814.58$
±5.30%
Dispersion inside the group (3 of 11 rising): the move is driven by company factors, not Bitcoin. Picking the stock matters more than the overall direction.
CORZ +2.7% Gamma map RIOT +1.2% Gamma map COIN +0.8% Gamma map IREN 0% Gamma map MSTR −0.3% Gamma map WULF −1.2% Gamma map CLSK −1.5% Gamma map HUT −1.9% Gamma map APLD −3.5% Gamma map MARA −3.5% Gamma map CIFR −13% Gamma map
The tools rank candidates and don't decide for you, and every coin has a report with its risks before any decision. All content is educational and is not an investment recommendation. The methodology is on the methodology page.
