The implied volatility (IV) of BTC and ETH is quite intriguing:
On Wednesday, the IV peaked, with BTC's IV reaching 60.88 and ETH's IV at 78.36.
However, on Thursday, coinciding with the American Easter, the IV sharply declined.
This seems to indicate that investors are worried about a market crash or a surge before the holiday, but they believe that the market will calm down during the holiday period.
ETH's IV is extremely high, suggesting that the market expects significant price fluctuations for ETH in the next couple of days; in contrast, its volatility at the end of the year or next year is actually lower. 😅
Overall, the IV of BTC and ETH at the end of the year or next year has not been elevated, reflecting that the current market does not expect a more frenzied situation to follow.
During the Christmas and New Year period, it is highly likely that the market will enter a consolidation phase.
