2024-08-06 23:36:22

Golden Finance reported that Bohan Jiang, the head of Abra's OTC Options trading, said that the recent macroeconomic downturn caught the Derivatives market off guard, causing the Volatility Index (VIX) of the Chicago Options Exchange to soar. In the past 24 hours, the VIX has risen to over 65 points, the highest level since the market panic at the beginning of the COVID-19 outbreak. Bohan Jiang said, 'I expect that the implied Volatility of the Cryptocurrency market will remain high until macro factors calm down. Most participants in the Options market were not prepared for the recent macroeconomic recession. With the shift in macro narratives, the Cryptocurrency market still tends to have an upward trend, with little Hedging against downside risks.'

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· 2024-08-06 23:36

Golden Finance reported that Bohan Jiang, the head of Abra's OTC Options trading, said that the recent macroeconomic downturn caught the Derivatives market off guard, causing the Volatility Index (VIX) of the Chicago Options Exchange to soar. In the past 24 hours, the VIX has risen to over 65 points, the highest level since the market panic at the beginning of the COVID-19 outbreak. Bohan Jiang said, 'I expect that the implied Volatility of the Cryptocurrency market will remain high until macro factors calm down. Most participants in the Options market were not prepared for the recent macroeconomic recession. With the shift in macro narratives, the Cryptocurrency market still tends to have an upward trend, with little Hedging against downside risks.'

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