The spread between the six-month ether and bitcoin implied volatilities fell to a two-year low of 13%, perhaps indicating that the cryptocurrencies’ fortunes are more strongly tied to each other than before. Implied volatility refers to investors’ expectations for price turbulence over a specific period.
![The State of Eth2, Jan 2021 [ENG/普通话]](https://storage.googleapis.com/ethereum-hackmd/upload_47c90a1331094cf794adf6539a7f8205.jpg "The State of Eth2, Jan 2021 [ENG/普通话]")
