TechFlow reports, according to Greeks.live analyst Adam, the crypto market is extremely weak, with major cryptocurrencies showing breakdown patterns and most altcoins hitting new multi-month lows.
From options data, although HV has clearly risen, BTC short-term option IV remains below 45%, and ETH short-term option IV is below 55%, both at relatively low recent levels. Block trades have not significantly increased either, with large-size put options volume accounting for only 5% of the day's total trading volume.
Whales in the options market do not expect further downside. Investors who anticipate significant market volatility may consider buying short-term options now at low cost, which offers high cost-effectiveness.



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