In this week's Glassnode Clips, we take a closer look at the B | Glassnode

In this week's Glassnode Clips, we take a closer look at the Bitcoin options market, providing insights into last week's flash crash:

- Implied volatility was historically low before the crash, leaving the market unprepared for sudden price movements.
- Despite the chaos, options open interest remained stable, showing no mass panic and minimal forced deleveraging. This contrasts sharply with the $2.5B mass deleveraging observed in the futures market.
- The options market wasn't the primary catalyst for the sell-off, but it did adjust quickly, with volatility and delta skew rising significantly.

Discover more in the latest Glassnode Clips below