Greeks.live: The next leg up is likely before the end of the week, according to volume and options data

Adam, a macro researcher at Greeks.live, stated in a post on X platform that the strong bullish sentiment for Bitcoin breaking through $70,000 has cooled off. BTC Dvol has decreased from nearly 90% to 78%, which is at the recent average level. The IV of various major term options in the past three days has also decreased significantly.Observing this round of bull market, it often rises when sentiment cools down. Observing bulk and option data, there may be the next wave of rise before this weekend. The current short-term IV has significantly fallen, which is a good time to buy short-term options.