Odaily Planet Daily News Greek.live Macro Researcher Adam published an analysis on the X platform, saying 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 dropped significantly, with ETH's decline lower than BTC. Today, BTC's block trade volume was 1.2 billion, and ETH's block trade volume was 600 million, both of which were mainly put options, which is also the main driving force for today's IV drop. Block trades in recent days are worth paying attention to.