TechFlow news, Adam, a researcher at Greeks.Live, posted a tweet stating that nearly 100 large block trades occurred within a day, including over 9,000 call options and more than 6,000 put options, with a total notional value exceeding $1.1 billion.
The options market is starting to see a significant number of losing sellers exiting their positions, causing spreads to widen gradually. If Bitcoin surges toward $70,000, it could likely trigger a spike in implied volatility (IV). The options market indicates that derivatives have entered an extremely FOMO-driven phase.
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