10x Research: NAV premium fades, volatility declines, coin stock opportunities are coming?

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Original article |Compiled by 10x Research 
| Odaily Planet Daily (@OdailyChina)
 Translator | Ding Dang (@XiaMiPP).

Bitcoin may seem calm, but the options market is sending signals that few people pay attention to. There has been a significant shift in capital flows - traders are constantly selling volatility, and position layout seems to be "calm". At the same time, key buyers who once dominated demand are restricted, and new beneficiaries are beginning to emerge.

The

divergence of compressed net asset value (NAV), accelerated stablecoin adoption, and tailwinds in liquidity is creating a market environment that has not been seen so far this year. The current consolidation is likely to be the calm before the storm. The question is: who will be on the right side of the next wave of the market?

Bitcoin Implied Volatility (Left Axis)...

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