Greeks.live: After the approval of Bitcoin spot ETF, the average IV for major terms has fallen, and market speculation hotspots have begun to shift towards Ethereum

Adam, a macro analyst at Greeks.live, posted on the X platform stating that with the successful passage of Bitcoin spot ETFs, all major term IVs have seen a significant drop, with short-term IV falling below 70% and medium-term IV falling below 60%. Although the market has experienced large fluctuations as expected, it did not reach the trend anticipated by both bulls and bears. It neither soared to new highs nor plummeted after good news was exhausted. The market's hype has started to shift towards Ethereum. After several months of sluggishness, Ethereum is once again leading the market.