Greeks.live: The recent cryptocurrency market is controlled by US time and prefers to go long on volatility

ChainCatcher message, Greeks.live macro researcher Adam posted on the X platform: "Today is Sunday, and the at-the-money IV for the date options is only 35%, while yesterday's at-the-money IV was even lower at 30%. This is a recent example of how the crypto market is completely controlled by U.S. time.

For several weeks, the weekend options IV has maintained this pattern. Comparing with the spot market, we find that the volatility on weekends is not significantly lower than on weekdays, at least not by such a large margin. We can conclude that users trading during U.S. hours prefer to go long on volatility."