Bitwise Advisor: Market fluctuation characteristics indicate that traders expect a rapid rebound, and volatility may remain elevated.

BlockBeats news, on November 23, Bitwise consultant Jeff Park posted on social media that a noteworthy phenomenon during the recent sell-off is that the market volatility characteristics are becoming more akin to “strike price stickiness” rather than “Delta stickiness.” (This indicates that the current sell-off is not driven by the mechanical dynamic hedging of market makers, but rather by the concentrated views and behaviors of market participants regarding specific price points (strike prices). This is in stark contrast to market performance during the “Liberation Day.” This characteristic signals two possible outcomes: first, traders believe that the market may experience a rapid rebound; second, volatility will continue to remain at a high level.