According to Odaily, analysts suggest that the implied volatility of Bitcoin and Ethereum options, an indicator of future price trends, indicates that traders expect a relatively calm market in the coming weeks. Luuk Strijers stated that the implied volatility level is at 40, and the implied volatility percentile is at 52. Both these indicators are at a moderate level, indicating that the market is not expected to have a lot of activity.
Data shows that since mid-May, the implied volatility of Bitcoin has significantly decreased. Analysts at QCP Capital have also observed the same indicators of a sluggish market. They pointed out that despite the existence of general catalysts, the implied volatility has been absolutely suppressed after the spot Ethereum ETF was approved.