Greeks.live: The bullish strength of Bitcoin still exists, and this month's bull market needs Bitcoin to lead

ChainCatcher news, Greeks.live researcher Adam posted on social media that despite Bitcoin falling below the $60,000 mark and Ethereum dropping below the $3,000 mark yesterday, the market panic sentiment is spreading extremely, but the implied volatility (IV) of major expiration options is significantly decreasing.

It is reported that this is mainly due to the sharp decline in the prices of call options. The current monthly skew has reached a new low since this bull market, with the prices of put options far exceeding those of call options, while medium to long-term options have dropped close to the zero axis. From the options indicators, Ethereum's bullish sentiment is relatively weak, with limited ability to lead the market. Bitcoin's bullish strength still exists, and the halving is this Saturday; this month's bull market still needs Bitcoin to take the lead.