The implied volatility (IV) of TC and ETH is quite interesting:
1. On Wednesday, the IV peaked at 60.88 and 78.36 respectively; on Thursday, due to the U.S. Easter holiday, the IV plummeted. This suggests that there are concerns about a sell-off or a spike before the holiday, but once the holiday is over, the market is expected to calm down.
2. The IV for ETH is exceptionally high, and the market is anticipating significant volatility in ETH over the next couple of days; in contrast, the volatility towards the end of the year or next year is expected to be lower.
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3. Overall, the IV for BTC and ETH towards the end of the year or next year has not increased, indicating that the current market does not expect the subsequent trends to be more exaggerated. With Christmas and New Year's Day, it is highly likely that the market will take a break.
