IBIT options show lower implied volatility after Bitcoin rebound

Options on BlackRock’s iShares Bitcoin Trust (IBIT) are pricing smaller price swings than the recent Bitcoin rally, according to Saxo Bank’s analysis of data from September 23.

Implied vs. realized volatility

IBIT’s implied volatility was 37.4%, while realized volatility over the preceding 20 trading sessions was 45.5%.

Volatility rank and market outlook

Saxo’s options strategist noted an implied volatility rank of 11.9, placing the metric near the bottom of its 12‑month range. He said the options market appears to be pricing calmer conditions than recent market activity.

Key price levels

Resistance is identified around $87,000, where Bitcoin’s advance stalled on September 21, and support is seen between $76,000 and $77,000.

Current Bitcoin price

Bitcoin was trading at $84,751, up 1.6% in the last 24 hours.