Greeks.live: The volatility of the cryptocurrency market has recently decreased rapidly, and the IV has dropped quickly

ChainCatcher message, Greeks.live macro researcher Adam posted on the X platform stating that there are few macro events this week that do not affect the macro market. In the crypto space, the main focus is on the approval of the ETH ETF, but the likelihood of it being directly listed is low, with expected volatility being small. Recently, the volatility in the crypto market has rapidly decreased, with IV declining quickly, and the funding and block trading data for ETFs are still worth paying attention to.

Crypto market outlook: The meme craze in the US stock market has faded, while Bitcoin ETFs continue to see inflows. ETH is leading the entire cryptocurrency market, ending May with gains driven by ETH, while April was the month with the deepest correction in nearly a year. Market volatility expectations are low, with IVs for major terms retreating.

In the crypto interest rate market, Bitfinex spot whales have started to consistently bottom-fish, and the green leaf interest rate market often encounters orders with annualized rates of 20%.

Key events this week:

5/28 Tuesday *

• The US stock trading settlement cycle changes from T+2 to T+1
• The London Stock Exchange accepts listing applications for Bitcoin and Ethereum ETNs

5/29 Wednesday *

• The US SEC will announce its decision on the listing of spot Bitcoin ETF options

5/30 Thursday *

• The Federal Reserve will release the Beige Book on economic conditions
• Initial jobless claims in the US for the week

5/31 Friday *

• US Core PCE Price Index for April
• OKX HK withdraws VASP license application, supporting only Hong Kong users for withdrawals after May 31