TechFlow news, March 21 — Adam, analyst at Greeks.live, posted on social media that this week's market performance has been relatively muted, with options settlement volume nearly halving compared to previous periods. Short-term implied volatility (IV) has clearly declined, with BTC's medium- and short-term volatilities falling below 50%, while ETH's similar metrics have dropped to around 60%, marking an almost 50% drop in short-term volatility. The crypto market has entered a phase of free-floating sideways movement, and investor sentiment is beginning to dull. As the quarterly settlement date approaches, large holders are generally adopting conservative strategies.
Options market-making firms are increasing their selling intensity again, tightening IV and betting on continued short-term range-bound movements. With a lack of major events recently in the crypto space, market uncertainty has significantly decreased, prompting market makers to lock in profits. Analysts expect buyers to face substantial challenges over the next two weeks.
