Greeks.live: The short-term impact of the ETF approval has essentially ended, and the market trends it brings need time to be digested

Macro analyst Adam from Greeks.live pointed out on the X platform that the short-term impact of ETF approval has essentially ended based on this week's market and data observations.

The volatility level of BTC has dropped to a new low within a month, with both major term RV and IV showing significant declines, and short-term IV plummeting below 45%. According to current options market data, institutions expect narrow fluctuations before the Spring Festival, and it will take time to digest the market brought by ETFs.