10x Derivatives Edge: BTC & ETH Volatility/Options Analysis

Volatility just sent a signal most investors will miss — and crypto options desks aren’t waiting. Bitcoin’s near-term implied vol just spiked while longer maturities barely moved, hinting at a catalyst window few are positioned for. Ethereum’s curve is doing the opposite, quietly flashing structural uncertainty and a very different long-term payoff profile.

Meanwhile, skew has blown out at the front end, then snapped back, as traders scrambled to hedge macro shocks and month-end “expiry” risk. Under the surface, a rare setup is forming where one asset’s vol is too cheap, the other too rich, and both are mispriced relative to the real catalyst calendar. As always, we have two option trades for you with especially the second one appearing very attractive.

BTC and ETH October 2025 Skew evolution

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