The latest Week On-Chain is now live! In this report we focus on:

- Bitcoin prices are infamously volatile, however the market is currently experiencing an extreme volatility compression. Fewer than 5% of trading days have a tighter trade range.

- Futures markets are notably flat, with trade volumes for BTC and ETH both probing all-time-lows, and cash-and-carry yields of 5.3% just slightly above the risk free rate.

- Implied volatility in options markets is undergoing a significant volatility crush, with volatility premiums trading at less than half the 2021-22 baseline.

- Both the put/call ratio, and the 25-delta skew metrics are at all-time-lows, suggesting options markets favour calls, and put options have priced in very light volatility ahead.

Find out more in the latest Week On-Chain👇🏼
https://glassno.de/3OmRCsF