Bitcoin is up over 3% this morning, but the main term IV is barely moving.
Combined with relevant news, this rise is obviously driven by spot prices. Under the current market liquidity, the purchase of several thousand Bitcoins in spot prices is enough to stably support the entire market to move up to a higher price level.
Different from the market driven by derivatives, the market driven by spot is more sustainable, and the current price-performance ratio of buying bullish is very good.