Options Data Shows Giant Whale Not Concerned About Potential Downside Risk, BTC Major Short to Medium Term IV Up 10%
Crypto markets have suffered heavy losses due to multiple sell-offs, with BTC falling to $57,000 and ETH to $3,100, according to Greeks.live macro researcher Adam. Options market data shows that BTC's major short- and medium-term IVs are up 10%, Dvol is up 3%, and ETH's underlying parameters are up slightly less than BTC's, with both skews shifting significantly in a bearish direction.
BTC bulk put volume is obviously increasing, the distribution of transactions is more complex, the next week 58,000Put turnover is the largest. From the options data, the giant whales are not too worried about the potential downside risk at the moment, and are mainly adjusting their positions for last week's quarterly delivery, especially for ETH, where the giant whales are showing low volatility expectations.
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