July 3 Vol Moves – What Summer Chase Traders Are Pricing In The current volatility surface, following the recent price surge, shows a pattern where Call IV has remained largely unchanged, while ATM and Put IV are relatively elevated. This mainly reflects the overall rise in volatility levels as BTC approaches its all-time high, alongside continued selling pressure on calls during the rally. Today, BTC is once again testing the 110,000 level, with long-term implied volatility still at historically low levels. For those employing short long-dated volatility strategies, it is crucial to stay alert to the risks of potential extreme market moves. 🎁 Join the Deribit x SignalPlus Trading Competition for a chance to win a Tesla, a Rolex, and share 300K USDC: https://t.signalplus.com/deribitsummerchase