According to Odaily, Adam, a macro researcher from Greeks.live, recently posted on platform X that the cryptocurrency market has seen a significant decrease in volatility. There has been a slight influx of funds into Exchange-Traded Funds (ETFs), and bulk trading data continues to be noteworthy. Bitcoin has rebounded with the influx into ETFs, but the entire cryptocurrency market is still undergoing a deep correction.
After April became the month with the deepest correction in the past year, May could also end in a bear market. The market's volatility expectation is relatively low, and the downward trend of Implied Volatility (IV) has turned into a sideways trend. This analysis provides a comprehensive overview of the current state of the cryptocurrency market, highlighting the significant decrease in volatility and the slight increase in ETF funds.
The information also underscores the ongoing deep correction in the cryptocurrency market, with the possibility of May ending in a bear market. The expectation of market volatility is low, and the IV's downward trend has shifted to a sideways trend. This information is crucial for investors and stakeholders in the cryptocurrency market to make informed decisions.
