PANews reported on September 16 that Lin, head of Deribit's Asia-Pacific business, disclosed data on the X platform showing that the BTC option term structure showed that the forward IV on September 20 (the interest rate cut will be announced in the early morning of the 19th) was 65.15, while the marked IV was 58.74, a difference of about 6.5 points; on November 8 (the US election on the 5th), the forward IV was 74; the marked IV was 58.3, a difference of 15.7.