Looking at Bitcoin options implied volatility data over recent years—the picture is pretty telling. Aside from those sharp spikes here and there, you're watching a downtrend unfold. What does that mean? As BTC's market cap keeps climbing and the ecosystem matures, volatility expectations from traders are softening. The options market is pricing in a less chaotic Bitcoin. It's not about the price moving sideways; it's about the market itself becoming more stable, more institutional, more... grown up.