📊Today’s #BIT# Daily Chart - May 6, 2026 ⬇️ Volatility Is Compressing — Fuel for Bitcoin’s Next Leg Higher? #BIT# #Bitcoin# #BTC# #CryptoMarkets# #ImpliedVolatility# #MarketMomentum# #DigitalAssets#

May 8 Options Expiration Data 20,000 BTC options are expiring, with a put-call ratio of 0.73, a max pain point of $79,500, and a notional value of $1.6 billion. 182,000 ETH options are expiring, with a put-call ratio of 0.93, a max pain point of $2,350, and a notional value of $410 million. This week, Bitcoin rose steadily from $75,000 to $82,000 before pulling back last night. Despite the positive price action, market sentiment has remained relatively calm. Major-term options and short-term implied volatility (IV) remained unchanged from last week, while short-term IV saw a slight increase. Bitcoin’s primary short-term IV hovers around 35%, while ETH’s primary short-term IV is near 50%; both medium- and long-term IVs have also seen modest declines. Looking at key options data, Skew remains relatively stable with a very slight increase, and the market’s directional sentiment remains neutral. Only 5% of options expire this week, with extremely low options activity and futures trading volume at historic lows. Open interest stood at approximately 20% at the end of May and 30% at the end of June, while block trades have been relatively inactive—all of which are signals of a consolidation phase. In the second quarter of this year, Bitcoin performed well in terms of both price and market sentiment, but overall market enthusiasm remains subdued. Currently, the focus is primarily on Bitcoin trading, and it makes sense to position for some medium- to long-term options. Additionally, investing in some high-quality altcoins appears to offer good value for money.

Weekly Capped Accelerated ETF Tracker – as of May 4, 2026 Our capped accelerated exchange-traded funds aim for 2X a stock’s monthly gain – up to a monthly “cap”. They also aim for 1X the downside if the stock drops for the month. The ETFs trade options to create the below payoff by the end of the month: • If the stock rises, the ETF doubles that move until it reaches the monthly cap. • If the stock falls, the ETF drops the same amount as the stock. Caps reset at the start of each month, based on option prices and implied volatility. If you hold the ETF from the start of the month, you know the full cap that’s available. But if you buy during the month, it depends on where the ETF is trading at that point. • If the fund is down so far, there’s more upside potential left until it reaches the cap. • If the fund is up so far, there’s less upside potential to the cap. The table shows the remaining upside % to the cap for each of our capped accelerated ETFs. Follow Leverage Shares ETFs for more updates.