Viewpoint: ETH implied volatility remains high, market expects significant fluctuations in the coming days

Deribit Asia-Pacific Business Head Lin Chen posted on X: "The IV of BTC and ETH is very interesting:"

1. The IV peaked on Wednesday, reaching 60.88 and 78.36 respectively; on Thursday, after the US Easter, the IV plummeted. This suggests that there is concern about a market crash or surge before the holiday, but it is believed that during the holiday, the market will calm down.

2. On the ETH side, the IV is exceptionally high, as the market expects significant volatility in the next few days; conversely, the volatility at the end of the year or next year is lower.

3. Overall, the implied volatility (IV) of BTC and ETH at the end of this year or next year has not increased, indicating that the current market does not expect the subsequent trends to be more exaggerated. During Christmas and New Year's, it is quite likely that the market will take a break.