Odaily Planet Daily News Analysts say that the current implied volatility of Bitcoin and Ethereum options (a measure of future price movements) shows that traders expect the market to be relatively calm in the coming weeks. Luuk Strijers said: "The implied volatility level is 40 and the implied volatility percentile is 52. Both indicators are at medium levels, indicating that the market does not expect a lot of activity." Data shows that Bitcoin's implied volatility has fallen sharply since mid-May. Analysts at QCP Capital also observed the same indicators of the market downturn, noting that "despite the presence of general catalysts, implied volatility has been absolutely suppressed after the approval of the spot Ethereum ETF." (The Block)