Greeks.live: The IV of at-the-money options this week is close to 100%, and the Dvol is as high as over 70%

Greeks.live macro researcher Adam released this week’s market outlook on the X platform (1/8-1/14): There is a high probability that the approval results of BTC spot ETF will be announced this Wednesday. The market game is very fierce. This major event of ETF has influenced the crypto market for the past month, and the market activity is very high. On the macro front, there is important US CPI data this week. The market currently has a relatively consistent view on the end of the interest rate hike cycle, and will definitely enter an interest rate cut cycle this year. 1/9 Tuesday * - Binance will stop providing DeFi staking mining products starting from January 9th, and Binance Launchpool will list XAI at 18:00 on January 9th 1/10 Wednesday *** - The market expects the BTC spot ETF result announcement date Thursday 1/11 ** - US CPI in December - Number of initial jobless claims in the United States for the week - Cboe Digital plans to launch Bitcoin and Ethereum margin futures trading This Wednesday is the day when the BTC spot ETF results are announced. When the weekly at-the-money option IV is close to 100%, Dvol is also as high as over 70%. The ETF approval results will bring short-term fluctuations, but in the long term, the overall IV is likely to fall back. In terms of the crypto interest rate market, the interest rate market has entered a low level as the sharp market fluctuations last week reduced the overall leverage level.