IBIT options implied volatility sinks to 12-month lows as Bitcoin rebounds 37%

Bitcoin's options market is telling a quieter story than its price action suggests. Saxo Bank's September 23 analysis of IBIT, BlackRock's spot Bitcoin ETF, found 30-day at-the-money implied volatility sitting at roughly 37.4%, with an IV rank of just 11.9. That places current volatility expectatio…