Greeks.live: Recently, there are a lot of large call options transactions, and the short-term and medium-term IV has dropped significantly

Greeks.live macro researcher Adam wrote that European and American traders have returned to the market, and the crypto market and traditional capital flows have restarted, showing a continuous rebound this week. Trump will officially take office as the US president later this month, and market sentiment is generally optimistic. The unemployment rate and non-farm data will be released this Friday, which will be the most important macro data before Trump takes office, except for the CPI data next week. The new EU regulations require crypto exchanges to comply with travel rule guidelines and strengthen anti-money laundering measures. Deribit and other exchanges need to improve KYC before they can be used normally. Bitcoin rebounded to $100,000. The return of European and American funds to the market has obvious support for BTC. The cottage season has not yet arrived, and only a few sectors such as AI have good market conditions. Large investors and institutions have sufficient margins. Recently, there are more large call options transactions, and the medium- and short-term IV has dropped significantly. From an event-driven perspective, it is relatively undervalued at the end of January and relatively overvalued in March. In terms of the crypto interest rate market, the Bitfinex interest rate market has been relatively stable recently.