Analysis: The market's expectations for volatility this month are continuously rising, with short-term IV for Bitcoin and Ethereum both reaching recent highs

According to a post by Greeks.live on platform X, there are three important macroeconomic data releases 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 global oil transportation disruption in the Strait of Hormuz caused by US-Israeli military actions against Iran is the real macroeconomic event affecting the market.

Since last week, implied volatility across 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.

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