【The Cook Capital 市场观点】
由于临近圣诞和新年，12/26 ATM IV 急剧下降了 5%。1d/1M/2M RV 分别为 39%/47%/48% 左右，基本上 3M 以内的 RV 都普遍高于 IV 水平。
近期 IV 跌得较狠，比 RV 低很多，做卖方较难，近期以调仓为主。如果您当前持有 12 月 26 日的卖方合约，建议逐渐平仓。

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[The Cook Capital Market View] Due to the approaching Christmas and New Year, the ATM IV (Indicative Virtual Rate) dropped sharply by 5% on December 26th. The 1-day, 1-month, and 2-month RVs (Reverse Risks) were approximately 39%, 47%, and 48% respectively, with RVs generally higher than IV levels for contracts up to 3 months.

Recently, the IV has fallen significantly, falling much lower than the RV, making it difficult to be a seller. The focus in the near term should be on portfolio adjustments. If you currently hold a sell contract from December 26th, it is recommended to gradually close out your position.

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

Key Highlights:
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