According to Odaily Planet Daily, Greeks.live macro analyst Adam said that as the current round of gains slowed down, the implied volatility of options of major maturities has slightly decreased. Currently, BTC's short-term IV is around 45%, and the post-election IV is less than 60%. ETH's short-term IV is around 54%, and the post-election IV is around 67%.

In terms of block trades, there were many block put option transactions today, accounting for nearly a quarter of the total trading volume, with a total transaction volume of nearly $300 million. The BTC-25OCT24-55000-P contract alone traded $90 million in active purchases, which is obviously a layout for the US election and a protective bearish move. The whales may want to hold the spot and use put options to avoid the risk of falling.