ChainCatcher news, Greeks.live researcher Adam posted on social media that the rhythm of the cryptocurrency market has changed this week. Last week, he mentioned that the weekend was the last rebound window, and if the Bitcoin price could not maintain $70,000, the bullish trend would be disrupted. This week, a deep correction indeed occurred. The demand for puts has surged, with major expiration implied volatility rebounding significantly, but the put open interest delivery volume has instead decreased, as a large number of puts were closed for profit this week.After a few weeks, the delivery price is once again close to the maximum pain point, and the market's FOMO sentiment has basically disappeared.

ChainCatcher news, Greeks.live researcher Adam posted on social media that after several days of continuous decline, BTC realized volatility has once again surged significantly, with the implied volatility (IV) for all major maturities reaching the highest levels in nearly a year. The market's expectations for volatility are even higher than during the period of historical highs, primarily due to the significant increase in the prices of short to medium-term put options.Currently, the options skew indicator has returned from a significant skew to a neutral state, with the prices of put options and call options at parity under the same conditions, and the FOMO sentiment brought by this year's surge has dissipated.