Today is Sunday, the date equity IV is only 35%, and yesterday’s date equity IV was only 30%. This is an example of the recent crypto market conditions being completely controlled by US time.

Over the past few weeks, the weekend option IV has maintained the above pattern. Comparing the spot trend, we find that the fluctuations on weekends are not significantly lower than those on weekdays, at least the difference is not so huge.

We can draw a conclusion that users who participate in trading during US trading hours prefer to do long volatility.