Adam, a macro researcher at Greek.live, analyzed in a post on X platform that the election market has quickly cooled down. Although Bitcoin and Ethereum have strong upward trends and the cryptocurrency market sentiment is optimistic, the options market is clearly taking profits and ending the election game. The BTC end-of-day options have fallen below 50%, and the IV of each major deadline has also decreased significantly, with the ETH's decline being lower than that of BTC. Today, the BTC bulk transaction volume reached 1.2 billion, and the ETH bulk transaction volume reached 600 million, mainly dominated by selling options, which is also the main driver of the significant decrease in IV today. The bulk transactions in the past few days are worth paying attention to.

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