PANews reported on November 7 that Greeks.live macro researcher Adam posted on the X platform that the election market has cooled down rapidly. Although Bitcoin and Ethereum have both risen strongly and the crypto market sentiment is optimistic, the options market is clearly taking profits and closing positions, ending the election game. BTC's end-of-day options have fallen below 50%, and the IV of major maturities has also declined significantly. Thanks to today's sharp rise, ETH's decline is lower than BTC.
Large investors have already begun to plan for the end-of-year market and even the spring market next year. Today, BTC block transactions totaled 1.2 billion, and ETH block transactions totaled 600 million, both of which were mainly put options. This is also the main driving force behind today's sharp drop in IV. The block transactions in recent days are worthy of attention, and the whales have begun to act.
