Odaily Planet Daily News According to Greeks.live macro analyst Adam, the quarterly delivery is coming this Friday, and the IV of each major term has dropped significantly. Currently, BTC option positions account for 33% of the total positions this quarter, and ETH option positions account for 38% of the total positions this quarter, which is a relatively small quarterly delivery. Recently, a large number of large put option transactions have occurred, and there is a high probability that they are shifting positions. The next quarter covers the US election, and there is currently a lot of uncertainty, but the overall implied volatility level is low. In the past year, only less than 30% of the time is lower than the current level. The whales are planning for the next quarter, especially before and after the election, the trading is very active.