The SEC’s fake news farce caused significant fluctuations in BTC, and the plot was even more bizarre than imagined.

Violent fluctuations caused the RV to rise significantly, but the corresponding IV dropped slightly. The data logic here is different from usual, because there has been speculation around ETFs for more than a month in the early stage, and a large number of investors are betting on the benefits of ETFs, causing short-term IV to reach recent highs.

On the one hand, SEC fake news made investors discover that ETFs have a limited role in driving BTC. On the other hand, it also consumed the already fragile gaming power. Many investors have carried out operations to reduce leverage and positions, Sell the news in advance .