Wu said that according to Greekslive, although Bitcoin and Ethereum performed strongly after the election and market sentiment was optimistic, the options market has ended significantly, with investors locking in profits to end the election market. The implied volatility (IV) of BTC end-of-day options fell below 50%, and the IVs of major periods fell significantly. Ethereum was supported by today's surge, and the volatility fell less than Bitcoin. Large investors have begun to plan for the market at the end of the year or next spring. Today's BTC block trading volume reached US$1.2 billion, and ETH block trading volume reached US$600 million, mainly selling options, driving a sharp decline in implied volatility. The recent developments of giant whales deserve attention.