It is reported that Bybit’s latest options weekly report indicates that the implied volatility indicator DVOL has further declined to an historically extreme low of 37–41%, marking the lowest reading since the outbreak of the current war. The report points out that the current DVOL level is extremely rare in BTC’s history. Low volatility often signals an impending major move rather than being an endpoint. Combined with a rising wedge pattern on the technical side and persistently negative funding rates, these three signals together suggest that the derivatives market is brewing a directional shift. However, price has yet to confirm the specifics, and it recommends that investors continue to monitor the situation closely.