Asia open at the start of the week caught BTC off guard.
Sharp liquidity drop, ~3% move down in minutes — and then straight back up.
Vol went wild.
Seeing IV >90% on some strikes — that’s not noise, that’s stress hitting the tape.
Looked like positioning got squeezed hard while liquidity thinned out.
By the time US session opened, everything cooled off.
Even fresh political headlines barely moved the market.
Market regime: Calm… but that spike was a reminder how fast things can flip
Posted by Ingvi5