Wu said he learned that according to Greekslive, the ETH spot ETF will start trading at 9:30 tonight, and the current ETH Doomsday IV has exceeded 80%, which is significantly higher than the recent average (60%). Judging from the transaction distribution, active call buying accounted for nearly half of the day's trading volume, and Skew was slightly bullish. Today's options market is dominated by bullish forces, with strong bullish power. But at the same time, we also saw that when the BTC ETF was listed, the decline was caused by heavy selling, so the bullish power today was weaker than during the listing of the BTC ETF. In addition, today's bulk transactions are mostly concentrated in BTC, with more than 5,000 forward deep out-of-the-money call options traded. Instead, ETH is concentrated in the market, and market makers are taking advantage of the active market to actively adjust positions. ​