Greeks.live macro researcher Adam posted on the X platform that from this week’s disk and data observations, the short-term impact of the (spot) ETF has basically ended.
The volatility level of BTC dropped to a new low in a month, both the main term RV and IV showed significant declines, and the short-term IV plummeted to below 45%. Judging from the current options market data, institutions’ expectations before the Spring Festival are to fluctuate within a narrow range, and the market trends brought by ETFs will take time to digest.