[Greeks.live: The election market is cooling down rapidly, and large transactions of BTC and ETH are driving down implied volatility] According to Mars Finance, Greeks.live published an article stating that the election market is cooling down rapidly. Although both Bitcoin and Ethereum have risen sharply and the cryptocurrency market sentiment is optimistic, the options market is clearly ending profit-taking.
The implied volatility of Bitcoin's end-of-day options has fallen below 50%, and the implied volatility of all major indicators has fallen sharply. Ethereum benefited from today's sharp rise and fell less than Bitcoin.
Large investors have begun to plan for the end-of-year market and even the spring market next year. Today, the transaction volume of Bitcoin block trades reached US$1.2 billion, and the transaction volume of Ethereum block trades reached US$600 million, both of which were mainly selling options, which is also the main driving force behind the sharp drop in implied volatility today.
The blockchain trends in recent days are worthy of attention, and the big whales have begun to take action.
