According to Odaily Planet Daily, Greeks.live macro researcher Adam Yu X wrote: "The block trading that has been silent for many days has become hot again. Today's block trading volume has increased significantly, with a nominal value of over US$500 million. Bitcoin block call options traded 3643BTC, accounting for 24% of the total trading volume on the day, and block put options traded 2084BTC, accounting for 14% of the total trading volume on the day. Ethereum block call options traded 31430ETH, accounting for 20% of the total trading volume on the day, and block put options traded 28488ETH, accounting for 18% of the total trading volume on the day. Judging from the distribution of option transactions, it is mainly selling call options and buying put options, and most of the transactions are in the form of combinations. Combined with the current data that BTC's medium- and short-term IV has fallen below 50%, the current option big players are very bearish on this month's market."