A deeper look at tomorrow's February-end expiry. BTC DVOL is currently sitting at 53 with an IV percentile of 87.7 - elevated relative to historical data. ETH DVOL is at 70 but IV percentile of just 55.7 - high in absolute terms but unremarkable historically. Vol is being priced very differently across the two assets heading into expiry. 🧵(Deribit)