Data: The weekly implied volatility (IV) of ETH is still above 100%, while the weekly IV of BTC is only 50%

ChainCatcher message, Greeks.live macro researcher Adam posted on the X platform stating: "BTC has pulled back as expected, while ETH's price has very strong support. The current week's IV for ETH is still over 100%, while BTC's current week IV is only 50%. The primary reason for this rare phenomenon is, of course, the uncertainty surrounding the approval of the ETH ETF. In the past two days, there have been many large-scale short-term spreads and calendar combinations, leading to significant market divergence. From the perspective of market positioning and the current IV structure, the current level of divergence has already surpassed that during ETH's transition to PoS. Therefore, artificially imposed policies are the greatest uncertainty."