TechFlow reports that Greeks.live analyst Adam posted on X stating the upward trends of BTC and ETH have somewhat stalled, yet implied volatility (IV) continues to rise across major maturities. As mentioned yesterday, IV tends to react relatively late to market movements.
Currently, over half of the large BTC options trades come from aggressive buyers of call options, while over half of standard ETH options volume also stems from aggressive buying of calls. Bullish forces in the market are clearly stronger than bearish ones, but overall sentiment remains calm, not yet entering a FOMO (fear of missing out) phase.
Whales are actively positioning for ETH 4000 calls and BTC 67000 calls.




