Odaily News According to Adam, a macro researcher at Greeks.live, the Dvol index has fallen from 62% to 48% since the July monthly delivery, a drop of nearly 15%. The current overall IV level is very low, with only three weeks below the current level throughout the year. On the one hand, the volatility of the crypto market is visibly declining, and on the other hand, important macro events such as the Bitcoin Conference and Fmoc have landed smoothly. The market currently lacks hot spots, and the ETH ETF needs to wait for stable positive inflows. Judging from historical trends, this quarter should be generally optimistic, but there are few opportunities in the short term.