Derive: With BTC and ETH volatility decreasing in June, options traders are betting on a 'big market' in July

According to The Block, Sean Dawson, head of research at derivative trading platform Derive, stated in the latest market report that the implied volatility of Bitcoin and Ethereum decreased in June, prompting Derive.xyz traders to lay out their positions this month and expect a significant breakthrough in the market. The data shows that the 30 day implied volatility is decreasing, with Bitcoin's implied volatility dropping from 44% to 36% and Ethereum's dropping from 68% to 60%. Dawson pointed out that traders have already laid out their strategies in advance. Although the market experienced a pullback during the escalation of the Middle East situation in June, the volatility briefly surged, indicating that the market's bets on the limited impact of the conflict were accurate, and traders accurately predicted that the conflict was controllable. Looking ahead, the platform believes that Bitcoin and Ethereum may be bullish this month and the third quarter, but is more optimistic about the volatility potential of Ethereum. According to the Derive probability engine, the probability of Bitcoin breaking through $130000 by the end of August is only 10%, but traders are concentrated in this price range. However, nearly 80% of the call positions for Ethereum's July expiration options on the Derive platform are above $3000. Dawson believes that Robinhood related plans may help Ethereum break through, and traders are betting on major market movements in July, with all eyes focused on the development of multiple factors.