Bitcoin's implied volatility could drop further this summer, potentially falling below 30%, according to BIT analysis. This low volatility environment has been observed in 2023 and 2025. If this trend continues, option premiums could shrink by approximately 30% due to volatility compression alone. Despite the current implied volatility being around 36%, selling strategies remain attractive. BIT notes that the market environment can shift between favoring option buyers and sellers, and strategies will be adjusted accordingly when the market changes.