According to TechFlow, Greeks.live analyst Adam said that the crypto market is extremely weak, mainstream coins are all showing a breakout trend, and most altcoins have hit new lows in months.
Judging from the options data, although HV has increased significantly, the IV of BTC short-term options is less than 45%, and the IV of ETH short-term options is less than 55%, both of which are at a relatively low level in the recent period. There is no obvious increase in block transactions, and the trading volume of block put options only accounts for 5% of the day's trading volume.
The big whales in the options market are not optimistic about further declines. Investors who believe that the market is about to experience large fluctuations may wish to buy short-term options at a low cost now, which is very cost-effective.
