CoinVoice has recently learned that according to a post by Adam, a macro analyst at Greeks.live, as the current round of gains has gradually slowed down, the implied volatility of options of all major maturities has declined slightly. Currently, BTC's medium- and short-term IV is around 45%, and the post-election at-the-money IV is generally below 60%. ETH's medium- and short-term IV is around 54%, and the post-election at-the-money IV is around 67%.
In terms of block trades, there were many block put option trades today, accounting for nearly a quarter of the total trading volume, with a total transaction volume of nearly $300 million. The BTC-25OCT24-55000-P contract alone was traded for $90 million in active purchases, which is obviously a layout for the US election and a protective bearish move. The whales are likely to want to hold spot and use put options to avoid the risk of falling. [Original link]
