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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

Volatility Compression Signals Risk Is Loading — But the Trapdoor Isn’t Far

  • Oz by Oz
    Oz Oz
    Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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  • April 23, 2025
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Volatility Compression Signals Risk Is Loading — But the Trapdoor Isn’t Far
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Bitcoin traded near $93,000 today, and while most eyes stayed glued to price, the real signal was unfolding beneath the surface — in volatility. Today’s moves across short-term and medium-term vol curves are not typical of calm markets. They're the market's way of whispering that the setup for a sharp move — in either direction — is materialising.

This isn’t about price catching up. It’s about volatility telling the story first, and those who can read it knowing where the next disruption could emerge. Let’s break down the key volatility components that traders should not be ignoring right now.


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Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
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