According to CoinMeta, as reported by A early issuer of in in 2021, as the financial reporting season comes to an end, inflation, uncertainties in Federal Reserve policy, and geopolitical tensions have become focal points in the market. Traders are increasing their hedging positions against overall volatility in the S&P 500, leading to a rise in the demand for protection against downward movements in the index. Goldman Sachs is optimistic about counter-discrepancy trading, which involves betting on an increase in the volatility of the S&P 500 index while also betting on a decrease in the volatility of individual stocks. Investors are adding downward protection to prepare for potentially larger fluctuations in the S&P 500 between August and September.