According to the options market activity data on Deribit tracked by Amberdata, the "Butterfly Index" of the BTC options market, which measures the volatility of out-of-the-money (OTM) 25-delta (🥰 25) calls and puts relative to at-the-money (ATM) options close to the spot price, has risen significantly. The surge in the index indicates that the market is expecting more extreme volatility. Amberdata Derivative...