The Fed just logged its most divided vote since 1992. Four officials dissented, while post-meeting commentary from several voters still leaned hawkish. Markets are now preparing for a potential shift under Kevin Warsh, who is expected to take over as Fed Chair May 15, with balance sheet reduction and tighter liquidity conditions back in focus. Yet, BTC options are still pricing relatively calm. BTC is around $81K. Roughly $7K above max pain on both the May 8 and 29 expiries. DVOL at 38. IV percentile at 22.4. Options are pricing calm that the macro calendar has no business delivering. Macro uncertainty is rising faster than implied volatility is reacting. Check more data here: https://www.deribit.com/statistics/BTC/metrics/options(Deribit)