#Write2Earn BTC options volatility dipped to a 2-year low: BTC options markets experienced an unusual quiet period last week, with 7-day implied volatility dropping to just 26% on June 27 - the lowest level since mid-2023 at the $30,000 mark. This breakdown below the typical support levels was quickly reversed by the rally on July 2, which pushed volatility back up to 35% amid broader market optimism following the US-Vietnam trade agreement.ETH volatility indicated further upside: ETH significantly outperformed BTC during the July 1-2 period, climbing from $2,400 to over $2,500 before surging another 6% on trade deal news. This price action drove ETH’s 7-day at-the-money implied volatility up by a 10-point daily increase. Throughout this period, ETH options consistently maintained roughly double the implied volatility of comparable BTC.ETH options skew shifted bullishly: The volatility term structure for the power duo of ETH and BTC remained relatively balanced through most of the week due to limited price movement. ETH displayed a more dramatic shift than BTC, with 7-day options now pricing in a 1.3% premium for out-of-the-money calls, completely reversing from the previous day’s -1.9% put skew.