Greeks.live researcher Adam wrote on the X platform that at the beginning of July, the crypto market suffered a severe setback, the major cryptocurrencies fell to a new low in several months, the quarterly delivery just completed the market appeared huge fluctuations, the main period IV increased significantly, for institutional sellers is a good opportunity to build positions. The market atmosphere is more pessimistic, the mainstream currency put option IV has risen significantly, and the term structure has shown a far lower and higher inversion phenomenon. ETH ETF will have clearer news in the near future. Friends who want to bottom fishing can buy some bullish at the end of the month, which is far more cost-effective than futures.