The ETH ETF will be launched next Tuesday. Stimulated by the good news, ETH rose 8%, driving the entire crypto market to rise significantly.

The sharp rise in currency prices has driven the IV of each term to rise simultaneously. The increase in BTC's implied volatility has even exceeded that of ETH, but both are still at relatively low levels. We have mentioned many times in our tweets this month that the positive effects of ETH will stimulate the market. The low IV market is very suitable for buyers. Now the option IV is still low, and the buyer's price/performance ratio is still high.

Today, there were several doomsday call options that increased by more than 1,000%. The main transactions throughout the day were mainly active buying of call options, accounting for more than half of the trading volume.