KEY TAKEAWAYS
Market trending downward, but crypto derivatives remain undeterred
ETH implied volatility (IV) indicates outsized price movement
Taper Tranquility
Has the curse of September been lifted? Coupling the effects of tightened regulatory measures from China with global market instability, the crypto spot market is trending downward. However, the regulatory rumble has had little impact on crypto derivatives. The performance of the market in the coming weeks may just be a prelude to Q4.