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[Bitcoin and Ethereum Implied Volatility Stabilized at 45% and 70% Respectively] Bitcoin's 30-day implied volatility has stabilized at around 45%, while Ethereum's 30-day implied volatility has dropped to 70%, the lowest level since October 9. The open interest in Chicago Mercantile Exchange Bitcoin futures has fallen below 120,000 contracts for the first time since early 2024, indicating a decline in institutional participation.