Bitcoin is going nuts with biggest implied volatility spike since November

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin is going nuts with biggest implied volatility spike since November The spike shows traders rushing for protection, though implied volatility is not yet at extreme levels versus the past year. By Shaurya Malwa | Edited by Omkar Godbole Updated Jan 30, 2026, 5:23 a.m. Published Jan 30, 2026, 5:07 a.m. Make us preferred on Google What to know : Bitcoin's implied volatility spiked sharply this week, with Deribit's DVOL index jumping from about 37 to above 44 as markets sold off. The rise in DVOL and parallel move in the VIX reflect a broader risk-off environment, though bitcoin's implied volatility remains moderate by historical standards, with an IV Rank of 36 and IV Percentile near 50. Options markets are signaling caution rather than panic after more than $1.7 billion in bullish crypto positions were liquidated, underscoring fragile positioning and expectations for more turbulence ahead. Bitcoin News Bitcoin Options More For You Pudgy Penguins: A New Blueprint for Tokenized Culture By CoinDesk Research Dec 30, 2025 Commissioned by Pudgy Penguins Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale. What to know : Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. View Full Report More For You Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets By Shaurya Malwa 41 minutes ago More than $1.7 billion in leveraged positions were liquidated in 24 hours as bitcoin fell to $81,000, with long bets accounting for nearly all the damage amid macro jitters and Fed chair speculation. What to know : More than $1.68 billion in leveraged crypto positions were liquidated in 24 hours, with about 267,000 traders forced out of trades. Long positions accounted for nearly 93 percent of the wipeout, led by roughly $780 million in bitcoin and $414 million in ether liquidations. Analysts say the sell-off was driven less by new bearish sentiment than by overcrowded leverage unwinding, flushing out speculative excess and reducing forced flows in the market. Read full story Latest Crypto News Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets 41 minutes ago Bitcoin pulls back to as low as $81,000 as horrendous day continues 3 hours ago El Salvador's central bank buys $50 million of gold as government keeps adding bitcoin 7 hours ago Circle’s biggest bear just threw in the towel, but warns the stock is still a crypto roller coaster 7 hours ago Bitcoin holds $84,000 — for now — but analysts warn of drop to $70,000 if support fails 7 hours ago Tokenization firm Securitize reports 841% revenue growth as it prepares to go public 9 hours ago Top Stories Bitcoin’s major safety net just snapped. Why a drop below $85,000 might risk more selloff 12 hours ago U.S. SEC, CFTC chiefs push united front on paving the way for crypto 10 hours ago Crypto bill clears U.S. Senate milestone despite Democrat opposition 12 hours ago Here are key levels to watch as bitcoin plunges to $84,000 12 hours ago Ethereum OGs revive the DAO with $220 million security fund, Unchained reports 13 hours ago Crypto stocks sink as spot volume plunges and bitcoin tumbles below $84,000 10 hours ago