According to ChainCatcher, on-chain analysis platform Glassnode released data showing that in the past 48 hours, the price of ETH short-term options has surged significantly. The 1-week IV rose from 65.2% to 79.0%, and the 1-month IV increased from 66.4% to 72.1%.
Analysis suggests that this steepening volatility term structure reflects a rising demand for short-term protection or exposure to upside risk in response to the short-term breakout in ETH prices.
