Weekly momentum for BTC and ETH has begun to rise, with historical volatility and spot volume declining significantly, implied volatility falling slightly, while both implied volatility skew and futures open interest are rising. The short-term market trend is gradually becoming clear, but mainstream currencies have not yet seen a rise driven by large fluctuations and trading volume. Trading sentiment for futures and puts is gradually increasing.

This chart visualizes the percentage change in key metrics for Bitcoin (BTC) and Ethereum (ETH) over their 7-day and 30-day averages. Each metric — momentum, historical volatility, implied volatility, implied volatility skew, spot volume, and futures open interest — is analyzed for both cryptocurrencies. The heat map colors show the magnitude and direction of the change, with green indicating positive changes and red indicating negative changes. This allows for a quick assessment of market dynamics and trends as of September 29, 2024.

Momentum: Weekly rate of change of weekly average price, monthly rate of change of monthly average price.

Historical volatility: weekly rate of change of weekly volatility, monthly rate of change of monthly volatility.

Implied volatility: Weekly rate of change of weekly average implied volatility, monthly rate of change of monthly average implied volatility.

Implied volatility skew: The weekly change rate of the weekly average implied volatility skew, and the monthly change rate of the monthly average implied volatility.

Spot trading volume: weekly change rate of weekly spot trading volume, monthly change rate of monthly spot trading volume.

Futures open interest: weekly rate of change of open interest for cyclical futures, monthly rate of change of open interest for monthly futures.