Data: Bitcoin 1-week option implied volatility drops to 63%, market panic sentiment eases

According to Glassnode monitoring, at price levels similar to November 21, the implied volatility of Bitcoin's 1-week put options surged to 76%, reflecting the aggressive demand for downside hedging previously. However, yesterday's price fluctuations only pushed the implied volatility to around 63%, indicating a relatively mild risk premium.

Data suggests that market concerns have eased, but any further decline could trigger a more severe repricing.