Greeks.live: This week, the trading volume in the cryptocurrency market has significantly decreased, and BTC faces great resistance in returning to its historical high

ChainCatcher message, Greeks.live macro researcher Adam posted on the X platform stating that this week the trading volume in the crypto market has significantly decreased, with Bitcoin and Ethereum oscillating at low levels. The weakness in the market has led to a substantial decline in implied volatility across major maturities, with Dvol dropping by as much as 15% since the halving. The halving has not brought about volatility, resulting in a rush of selling from many options sellers.

Recently, there has been an outflow of ETF funds, and market sentiment is relatively gloomy. Last week, it was mentioned that whales lack confidence in the future market, and currently, this trend has not changed. The resistance for BTC to return to historical highs is extremely significant.