IBIT options show implied volatility at 37.4%, near the low end of its 12-month range, according to Saxo Bank. This implied volatility is lower than realized volatility of 45.5% over the past 20 trading sessions, suggesting the options market is pricing calmer conditions ahead. Saxo Bank identifies resistance around $87,000 and support between $76,000 and $77,000 for Bitcoin, which was trading at $84,751, up 1.6% in the last 24 hours.
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