Bybit’s Latest Options Weekly Report: DVOL Plummets to All-Time Low, Derivatives Market May Be on the Eve of a Major Move

According to Bybit’s latest options weekly report, the implied volatility indicator DVOL has further declined to an extreme historical low of 37–41%, marking the lowest reading since the outbreak of the current conflict. The report notes that the current DVOL level is exceptionally rare in BTC’s history; low volatility often precedes major price moves rather than signaling their conclusion. Combined with a technical ascending wedge pattern and persistently negative funding rates, these three signals collectively suggest that the derivatives market is poised for a directional shift—though price action has yet to confirm the specific nature of this move, prompting the report to advise investors to maintain close observation.