Greeks.live: Currently, the overall IV level has rebounded, but it is suppressed by a large amount of funds due to quarterly delivery

Greeks.live analyst Adam posted on X stating that this week is of average importance for macro events. Currently, the German and American governments have stopped selling cryptocurrencies, which has led to a rebound in cryptocurrency and a significant improvement in market sentiment. In terms of crypto, the SEC should respond to ETH ETF this week, but there is currently no valid news, and the market's enthusiasm for ETFs has significantly decreased.

The cryptocurrency market experienced its worst July due to massive pressure from the German government's sell-off. BTC and ETH plummeted dramatically but bounced back noticeably after Germany finished its sell-off. Stimulated by this rebound and an assassination attempt on Trump, overall IV levels have also rebounded somewhat; however, they are suppressed by large amounts of funds due at quarter-end delivery with only short-term IV showing noticeable rebounds.

Major events this week:

Monday 7/15*

US President Biden delivers national television address

Tuesday 7/16*

US June retail sales monthly rate

Wednesday 7/17*

Several Federal Reserve Board members give speeches

Thursday 7/18*

European Central Bank main refinancing rate
Number of people applying for unemployment benefits in the US 
Federal Reserve releases Beige Book economic report 

Friday 7/12* 

Several FOMC voting members give speeches