Sean Dawson, the research director at Derive, stated that the implied volatility of Bitcoin and Ethereum decreased in June, as traders positioned themselves in anticipation of a market breakout. Despite the escalation of the situation in the Middle East causing short-term fluctuations, the market remains optimistic about future trends, especially Ethereum, with traders betting on significant movements in July.

Bitcoin and other major crypto assets fell more than 3% in the Asian morning session, mainly due to profit pullback. Research from Derive.xyz shows that the probability of Bitcoin breaking through $100,000 has increased to nearly 30%, while the probability of Ethereum staying above $2,000 is 50/50. FxPro analysts are focusing on Bitcoin's support level at $80,000, with a strong break through this level potentially stimulating a buying phase, but there is also the risk of a short positions trap. This level is seen as key to maintaining Bitcoin's momentum, which could reignite buying interest in alts and meme coins.

According to Gate News bot and CoinDesk, the trading situation of Bitcoin options on the decentralized on-chain platform Derive shows that traders are preparing for potential price downturn fluctuations in the coming weeks.

According to Gate News bot and a report by Cointelegraph, the Decentralized Finance platform Synthetix announced the cancellation of its acquisition plan for the encryption options platform Derive. The plan initially involved 27 million dollars, proposing a 1:27 ratio for the exchange of SNX and DRV tokens. Members of the Derive community have questioned the acquisition, with key concerns including the token conversion ratio and the overall benefits of the acquisition. Some users have pointed out that Derive's actual revenue exceeds that of Synthetix, and that the protocol does not limit the dilution value of Synthetix's additional tokens. Ben Celermajer, head of strategy at Synthetix, said that while some community members supported the deal, the two parties had decided to terminate the acquisition to facilitate collaboration due to the lack of expected support.

According to Gate News bot and reported by Cointelegraph, the Decentralized Finance platform Synthetix announced the termination of its acquisition plan for the encryption Options platform Derive. The planned transaction amount for the acquisition was $27 million. The termination was due to questions raised by members of the Derive community about the acquisition plan, including issues with the token exchange ratio and the overall benefits of the acquisition. Some users have pointed out that Derive's revenue is higher than that of Synthetix, and that there is a lack of provisions in the protocol that restrict Synthetix from issuing additional tokens. Synthetix's strategic director Ben Celermajer confirmed that although some community members supported the transaction, the parties have reached a consensus to terminate the acquisition plan due to the lack of expected community support.

The pullback that Bitcoin is currently experiencing is a normal cyclical adjustment, and the market has not yet reached the price top. Industry experts Ben Simpson and Nick Forster believe that the bull run is not over, and future developments may be influenced by global macro conditions. They predict that Bitcoin may experience more pullback phases but remain optimistic about its long-term rise trend, noting that future narratives may be related to factors such as interest rate cuts in the U.S. and global liquidity.

Derivation data shows that investors' optimism is rising, and the price of Ethereum is expected to break through $3,000, with higher Volatility compared to Bitcoin. Solana faces downward price pressure. The founder of Derive.xyz pointed out that the possibility of Ethereum is 30%, higher than last week's 28%.

Odaily Planet Daily News Derivatives research director Sean Dawson said BTC has a "slight possibility" of falling by nearly 26% to around $75,000 in the first quarter of 2025. He said that by March, the likelihood of BTC falling below $75,000 has risen from 7.2% in the past 24 hours.

The BTCDerivatives market indicates an expected increase in volatility. The 7-day average implied Volatilitypump is 3%, at 56.5%, while the 30-day implied Volatility is 57.5%. The bearish BTC options have increased to 40% of all outstanding contracts on Derive, rising significantly in the past week, indicating a bearish outlook in the medium term.

The BTC and ETH derivative markets are showing an increase in expected volatility, especially with Trump's upcoming second inauguration. The put options for BTC have increased to 40% of all open contracts on Derive.xyz that have not been closed. The implied volatility for BTC and ETH has been climbing, indicating market uncertainty. ETH traders expect greater short-term volatility, which may be related to their sensitivity to macroeconomic changes and speculation about post-inauguration policies.

The 30-day correlation coefficient between BTC and the Nasdaq 100 index has reached its highest level in nearly two years, indicating that they are moving in sync. Investors are preparing for increased volatility, with a rising proportion of bearish bets, to mitigate the downside risks posed by the strengthening of Trump-related momentum and the release of inflation data.

BlockBeats news, on January 15th, on-chain options protocol Derive announced on social media that the Airdrop DRV and stDRV query pages have been launched. The distribution includes Snapshot.

The BTC market is currently calm, but this may only be a temporary phenomenon, and the volatility is expected to increase to 60%-70%. Potential triggers for volatility include changes in the situation in Ukraine, adjustments in cryptocurrency regulatory policies, and the US Federal Reserve interest rate decision. Although the market expects 2 to 3 interest rate cuts, inflationary pressures may limit the space for interest rate cuts.

The BTC market is currently calm, which may only be a temporary phenomenon, and volatility is expected to increase to the level of 60%-70%. Potential triggers for volatility include changes in the situation in Ukraine, adjustments in Cryptocurrency regulatory policies, and the Fed interest rate decision. Although the market expects 2 to 3 rate cuts, inflation pressure may limit the space for rate cuts.

According to the research report of Derive, the calmness of the BTC market may be short-lived, and Volatility in price may be imminent. BTC has been consolidating in the range of $80,000 to $85,000 since March 12, which usually occurs after a directional change. Several factors led to the big dump of BTC price from over $100,000 to below $80,000 in the past few weeks. Although the Volatility rate has decreased recently, it has mean-reverting characteristics, indicating that price fluctuations may come soon.

BlockBeats News, on January 14th, on-chain Options protocol Derive announced that Aerodrome will become the DRV on-chain Liquidity source, and DRV Token will adopt LayerZero's OFT standard, enabling Cross-Chain Interaction between Derive Chain, Base, and more than 100 chains from day one. Earlier news, Derive will launch DRV Token in January, with 5% of the supply allocated to sENA.