According to ChainCatcher, Matrixport's chart today indicates that despite major tariff events seemingly passing and Trump continuing to release confusing signals about tariff impacts, Bitcoin's implied volatility remains high.
This ongoing uncertainty is reflected in the maintained volatility premium, with current implied volatility at least 10 points higher and nearly 20 points above recent lows. The market is clearly pricing in high uncertainty, and Bitcoin traders must proceed cautiously in this environment of escalating risk.