Adam: The current market divergence is extremely large, the level of disagreement has already exceeded the period when ETH switched to PoS

Adam, a macro analyst at Greeks.live, posted on the X platform stating that BTC has retraced as expected. In contrast, the price of ETH has very strong support. The current cycle IV of ETH still exceeds 100%, while the weekly IV of BTC is only 50%. The primary reason for this rare phenomenon is undoubtedly the uncertainty surrounding the approval of ETH ETFs. In recent days, there have been many such large-scale short-term price differences and calendar combinations, with great market divergence. Judging from the market position structure and current IV structure, the current level of disagreement has surpassed that during ETH's transition to PoS period.