According to Odaily Planet Daily, Greeks.live macro researcher Adam wrote that after the July monthly delivery, the Dvol index has fallen from 62% to 48%, a drop of nearly 15%. The overall IV level is currently very low, with only three weeks below the current level throughout the year.

On the one hand, the volatility of the crypto market is decreasing; on the other hand, important macro events such as the Bitcoin Conference and Fmoc have landed smoothly. The market lacks hot spots at present, and ETH ETF needs to wait for stable positive inflows. Judging from historical trends, this quarter should be generally optimistic, but there are few opportunities in the short term.