Greeks.live: Options data shows that whales are not worried about potential downside risks, BTC's main short-term IV rises by 10%

ChainCatcher news, according to Greeks.live macro researcher Adam, the crypto market has suffered a significant setback due to selling pressure from bulls, with BTC dropping to $57,000 and ETH falling to $3,100. Options market data shows that BTC's main short-term implied volatility (IV) has increased by 10%, with Dvol rising by 3%. The increase in ETH-related parameters is slightly lower than that of BTC, and the skew has clearly shifted towards a bearish direction. The volume of large bearish trades in BTC is noticeably increasing, with a complex distribution of trades, and the largest transaction next week is the 58,000 Put.

From the options data, it appears that whales are currently not too concerned about potential downside risks, mainly adjusting their positions for last week's quarterly settlement, especially in ETH, where whales have shown low volatility expectations.