Research: Options market is seeing clear profit taking
Adam, a macro researcher at Greek.live, analyzed in a post on X platform that the election market has quickly cooled down. Although Bitcoin and Ethereum have strong momentum and the cryptocurrency market sentiment is optimistic, the options market is clearly profit-taking and ending the election game. BTC end-of-day options have fallen below 50%, and the IV of major maturities has also decreased significantly, with ETH falling less than BTC. Today, BTC's bulk transaction volume was 1.2 billion, and ETH's bulk transaction volume was 600 million, both mainly selling options. This is also the main driving force for the large drop in IV today, and the bulk transactions in recent days are worth paying attention to.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Flash Thursday: Buy crypto with a credit/debit card for zero fees
Every Thursday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Thursday 8:00 PM – Friday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Na
Grayscale Adds XRP, Solana, Stellar to Private Placement Trusts
Cardano Network Activity Hits 2023 Highs: Is $1.5 ADA Possible?
Chill Guy (CHILLGUY): The Meme Coin That’s All About Taking It Easy
What is Chill Guy (CHILLGUY)? Chill Guy (CHILLGUY) is a meme coin on Solana that embodies the spirit of calmness and simplicity. The meme coin is inspired by a viral meme of a relaxed, low-key dog. It’s a meme that has taken the internet by storm, celebrating the art of not worrying. The character
Trending news
MoreCrypto prices
More
