Analysis: Market expectations for volatility this month continue to rise, with short-term IV for both Bitcoin and Ethereum reaching recent highs

Odaily News According to a post by Greeks.live on the X platform, there are three important macroeconomic data points this week: US February CPI data on Wednesday, unemployment figures on Thursday, and the January PCE price index on Friday.

However, in terms of actual impact, the military action by the US and Israel against Iran, which affects global oil transportation through the Strait of Hormuz, is the macro event that truly influences the market.

Starting last week, implied volatility for major tenors has shown a significant increase. Currently, BTC's short-term IV has reached over 65%, and ETH's short-term IV has risen to over 80%, both hitting their highest levels in recent times.

Market expectations for volatility this month continue to rise. The skew has been declining noticeably in recent days, indicating that the market's demand for downside protection is continuously increasing.