According to Odaily, Greeks.live macro researcher Adam posted on X that large transactions have seen a significant resurgence after a period of inactivity. Today, the nominal value of these transactions exceeded $500 million. Bitcoin bullish options transactions amounted to 3643 BTC, accounting for 24% of the day's total transactions, while bearish options transactions totaled 2084 BTC, making up 14% of the day's total. For Ethereum, bullish options transactions reached 31430 ETH, representing 20% of the day's total, and bearish options transactions were 28488 ETH, constituting 18% of the day's total.
The distribution of options transactions indicates a predominance of selling call options and buying put options, with many transactions occurring in combination forms. Considering the current data showing that the mid-to-short-term implied volatility (IV) of BTC has fallen below 50%, major options traders are highly pessimistic about this month's market outlook.