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Greeks.live: The IV of at-the-money options for the current week is approaching 100%, with Dvol exceeding 70%

Greeks.live: The IV of at-the-money options for the current week is approaching 100%, with Dvol exceeding 70%

Bitget2024/01/08 03:42

Greeks.live macro researcher Adam released this week's market outlook (1/8-1/14) on the X platform:
The approval of BTC spot ETF is likely to be announced on Wednesday this week. The market game is very intense, and this major event has influenced the cryptocurrency market for nearly a month, with high market activity.
On the macro level, there are important US CPI data this week. Currently, the view that the interest rate cycle will end is relatively consistent in the market, and it is certain that we will enter an interest rate cut cycle this year.
1/10 Wednesday ***
- Market expects BTC spot ETF result announcement day
1/11 Thursday **
- US December CPI
- Initial jobless claims in the US for the current week
- Cboe Digital plans to launch Bitcoin and Ethereum margin futures trading
This Wednesday is the day when BTC spot ETF results are announced. The at-the-money option implied volatility (IV) has already approached 100%, and Dvol has also reached over 70%. The approval result of ETF will bring short-term fluctuations, but in the long run, IV as a whole is likely to decline.
In terms of cryptocurrency interest rate markets, with last week's significant market volatility reducing overall leverage levels, interest rate markets have entered a low water level.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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