Crypto market volatility drives options market activity to soar! 🚀Recently, Greeks.live researcher Adam revealed on social media that the rapid fluctuations in the market have caused the options market activity to reach the highest level in the past year, with more than 15,000 block trades that day and a nominal value of more than 1 billion US dollars! The largest order was for 275 Iron Eagle options, with a single notional value of US$73.34 million. This phenomenon is likely to be a position adjustment by option market makers, which can be considered as short positions admitting losses and exiting the market.

The recent large-scale liquidation of option positions by large investors, whether long to take profits or short to accept losses, has suppressed the rise of IV. What does this phenomenon mean for the market? Will activity in the options market continue to rise? Everyone is welcome to express your opinions in the comment area and discuss the future direction of the encryption market together!