Jan 29, 2026
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BULLISH 📈 : Expert suggests Bitcoin could see explosive volatility like silver
Bitcoin's options pricing and low activity suggest potential for significant price movement, according to ProCap CIO Jeff Park. He notes:
- Low implied volatility and thin participation hinder upward momentum.
- The current implied volatility is ~38, with poor month-to-date volume.
Silver Market as a Reference
- Silver prices surged due to speculative bids and tight physical conditions.
- On Jan. 26, silver futures rose 14%, the largest one-day gain since 1985.
- SLV ETF trading volume reached $32 billion, significantly higher than its average.
Impact of "Paper" Exposure
- Park suggests that synthetic Bitcoin could drive price volatility, similar to silver.
- Silver's surge was driven by financial instruments rather than spot demand.
Park emphasizes the importance of volatility for Bitcoin's market dynamics, predicting eventual significant price movements.
Bitcoin is currently trading at $89,430.
