ChainCatcher message, Greeks.live macro analyst Adam posted on platform X that this week is Thanksgiving, with economic events and data concentrated on the Wednesday before Thanksgiving. The U.S. stock market will be closed on Thursday and Friday, and the recent performance of crypto-related U.S. stocks has been significant, showing a high correlation with crypto, so it’s worth paying close attention.Bitcoin is just one step away from 100,000 USD, needing just a final push. ETH also rebounded significantly last week, driving altcoins to rise across the board, with the crypto market's trend gradually shifting back from Meme to the main market. There was a slight pullback over the weekend, but the market's absorption capacity is very strong, with bulls being very aggressive in the spot bull market. The options market remains relatively stable, and large trades and market interest rates are worth monitoring.Currently, the implied volatility (IV) for major maturities is at a relatively low level, making it a good opportunity to position some mid-to-long-term options with decent cost-effectiveness. The crypto interest rate market, particularly Bitfinex, has been relatively stable recently, and it’s advisable to actively transact when suitable interest rate orders arise, especially during market movements.

ChainCatcher news, Greeks.live researcher Adam posted on social media that as the cryptocurrency market continued to rise yesterday, the options market saw a large number of block trades. In the past 24 hours, the total trading volume in the crypto options market exceeded $1.2 billion, with Bitcoin put options having the highest trading volume at $530 million, accounting for a quarter of the total trading volume for the day.The largest single trade had a notional value of $66 million, specifically:Sold 500 Bitcoin put options expiring on March 28, 2025, with a strike price of $40,000, each for 0.0130 BTC, with an implied volatility of 60.50%.Bought 500 Bitcoin put options expiring on December 27, 2024, with a strike price of $40,000, each for 0.0042 BTC, with an implied volatility of 67.85%.This deeply out-of-the-money calendar spread trade shows that the trader collected about $300,000 in premiums, leaning overall bullish, but the specific trading intent is difficult to determine accurately. Greeks.live analysis suggests that the selling power in the options market has been strong recently, especially with put options being priced favorably. Although the cost of buying put options is low, it also indicates that most market participants do not have a positive outlook in that direction.