According to Voltardio, traders who profit from selling volatility on Bitcoin ($BTC) may face significant challenges as global macroeconomic conditions shift. The unwinding of the Japanese Yen carry trade is seen as the beginning of a larger economic disruption that could fundamentally alter the current financial system. This situation could lead to a severe market event, referred to as 'volmaggedon', impacting those involved in crypto options trading.

According to Voltardio, selling volatility on Bitcoin ($BTC) with the expectation of easy profits may be risky due to broader macroeconomic shifts. The unwinding of the Japanese Yen carry trade is highlighted as the beginning of a larger economic disturbance that could disrupt the current financial system. This situation, referred to as 'volmaggedon', suggests that traders involved in crypto options might face significant challenges.

According to @CCData_io, their latest Exchange Review reveals that on August 5th, digital asset prices reached new lows due to concerns over the Japanese Yen carry trade and broader macroeconomic uncertainty. Bitcoin ($BTC) experienced a significant intraday drawdown of 15.4%, dropping to $49,202, the sharpest decline since the FTX collapse. Ethereum ($ETH) also saw a substantial drop of 21.1%, falling to $2,121.