Bitcoin's Implied Volatility Gauge Tops Ether for Record

The spread between dominant crypto options exchange Deribit's forward-looking.

Ether (ETH) and Bitcoin (BTC) has been crypto traders consistently negative.

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Bitcoin (BTC) remains the world's biggest and most liquid digital asset.

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Crypto traders are increasingly pricing higher volatility in bitcoin relative to ether (ETH).

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The longest such stretch since Deribit started the DVOL indices in early 2021.

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Implied volatility is an estimate of the price turbulence over a specific period prices.

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Bitcoin has evolved as a macro asset since the coronavirus-induced crash of March.

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Ether, has fallen out of favor, Ethereum's dwindling revenue and renewed tokenomics.

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