Matrixport: The derivatives market is priced for a significant 10% fluctuation within the next week

Golden Finance reports that Matrixport released a chart today showing that since Ethereum reached a high of $3668 on January 7, 2025, it has accumulated a drop of 50%. The on-chain activity of the entire Ethereum ecosystem has significantly slowed down, and the weak fundamentals and continued low demand for ETH have made market sentiment clearly bearish. With several key risk events approaching, the derivatives market has begun to price in large fluctuations of 10% within the next week (regardless of direction). It is worth noting that Ethereum's price is gradually approaching its lows during FTX's bankruptcy period. FTX expects to start repaying major creditors from May 30, 2025.