Greeks.live: The volatility brought by the ETH ETF has completely subsided, and the market's volatility expectations are low
ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that the key macro events to focus on this week are the U.S. unemployment rate and non-farm data on Friday. The approval of the ETH ETF is expected to happen as early as the end of this month, and investors need to pay attention to related news. Currently, the implied volatility (IV) is rapidly declining, indicating lower expected volatility, but once news of the ETF approval is revealed, off-market funds will quickly drive up the ETH price.
The volatility brought by the ETH ETF has completely subsided, and the market has returned to a sideways trend, with ETH still leading the entire cryptocurrency market. The market's volatility expectations are low, and the IV for major terms continues to decline, with only the current month's ETH IV slightly higher, mainly due to the expectation of ETF approval at the end of this month.
In the crypto interest rate market, Bitfinex spot whales have begun to consistently bottom-fish, and the green leaf interest rate market often encounters orders with an annualized rate of 20%.
Key events this week:
6/5 Wednesday
- U.S. ADP employment change for May
- Bank of Canada interest rate decision
- FTX creditors' committee: assessing the restructuring plan and disclosure statement, objections to the disclosure statement must be submitted by June 5
6/6 Thursday
- Eurozone European Central Bank main refinancing rate
- U.S. initial jobless claims for the week
6/7 Friday
- U.S. unemployment rate for May
- U.S. seasonally adjusted non-farm payrolls for May
