CoinVoice has learned that analyst Adam from Greeks.live posted on social media, indicating that after several days of adjustment, the market has again reached a position of strong divergence. Currently, BTC is fluctuating below $100,000, ETH is fluctuating around $3,700, and most altcoins have seen declines of over 20%.
Currently, BTC options account for 80% of the open interest and trading volume in the options market, making them highly indicative. Today, large call options accounted for nearly 30% of the trading volume, mainly focusing on buying short-term options with a strike price of 100,000 or more. Additionally, actively buying year-end protective puts also accounted for 10% of the trading volume.
The current short-term IV exceeds 60%, which is considered high. Institutions have strong expectations for volatility before Christmas, making it relatively cost-effective to buy some year-end options. [Original link]
