According to Adam, a researcher at Greeks.live, who posted on the X platform, the crypto market is extremely weak, mainstream coins are all showing a trend of breaking, and most altcoins have hit a new low in months.
From the options data, although HV has risen significantly, BTC short-term option IV is less than 45%, and ETH short-term option IV is less than 55%, both at a low level in the near term. There is no obvious increase in block trading, and the trading volume of block put options only accounts for 5% of the trading volume on the day.