📊👀 #BTC Greeks.lіve: Bitcoin options currently account for 80% of the positions and volume in the options market, the most valuable indicator.
Today's Block call option accounted for nearly 30%, mainly to buy short-term 100,000 and above strike price, in addition to actively buying end of DEC27 protective puts also accounted for 10% of the volume.
The current short-term IV is over 60%, which is on the high side. Institutions are expecting more volatility before Christmas, and buying some year-end term options is more cost-effective.