Bitcoin DVOL at 41.5% as $10B options expiry nears

Deribit's bitcoin volatility index DVOL is trading at 41.5%, well below February's 90% peak and only modestly above May's lows, framing options as cheap but no longer at fire-sale pricing ahead of a $10 billion June 26 expiry. "Vol is cheap relative to its own history but no longer at fire-sale…