Bitcoin implied volatility drops to its lowest point of the year, with the market's reaction to Friday's CPI data remaining muted.

DeepFlowTech · 2026-04-09T08:30:03+00:00

U.S. March CPI data will be released on Friday, with the market expecting the year-over-year increase to rise to 3.4%. However, the Bitcoin market remains calm, and options market volatility has decreased. The importance of the CPI data stems from the energy shock caused by the Iran war, and analysts believe that softer data could reignite expectations for interest rate cuts.

DeepFlowTech

2026-04-09 08:30:03

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Deep Tide TechFlow message, April 09, according to CoinDesk, the U.S. March CPI data will be released on Friday. Market expectations are that the year-over-year growth rate will jump from 2.4% in February to 3.4%, but the Bitcoin market has reacted calmly.

The options market is currently pricing only about a 2.5% volatility range. The BVIV index (30-day implied volatility) has fallen to 46.5%, the lowest since January 31. Traders generally view this data as a non-material event.

This CPI release is drawing significant attention, mainly due to an energy shock triggered by the Iran war—U.S. gasoline prices rose above $4 per gallon in March for the first time since August 2022. Several analysts noted that softer data would restart rate-cut expectations, while hotter data would reinforce the narrative of “higher interest rates staying in place for longer,” with an asymmetric impact on the crypto market.

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