Viewpoint: ETH implied volatility remains high, and the market expects it to fluctuate significantly in the next few days

Lin Chen, head of Asia-Pacific business at Deribit, wrote on X: "The IV implied volatility of BTC and ETH is very interesting: 1. The IV reached a peak on Wednesday, at 60.88 and 78.36 respectively; on Thursday, it was Easter in the United States, and then the IV plummeted. It indicates that everyone is worried about a market crash or a sudden increase before the holiday, but thinks that the market will be calm after the holiday. 2. The IV of ETH is very high, and the market expects ETH to have a large volatility in the next few days; on the contrary, the volatility at the end of the year or next year is lower. 3. The overall IV of BTC and ETH at the end of the year or next year is not actually pushed up, indicating that the current market does not think that the subsequent market will be more exaggerated. Christmas + New Year's Day, the market is likely to take a break."