October Cryptocurrency Market Performance Falls Short Of Expectations

According to BlockBeats, on October 24, Greeks.live researcher Adam shared insights on social media regarding the upcoming monthly expiration date for October. He noted that the overall performance of the cryptocurrency market in October has not met expectations. The anticipated election and interest rate cuts have not brought significant positive news or capital inflows to the cryptocurrency sector. During the election week, implied volatility (IV) remained at 55%. Earlier options were affected by rollovers, leading to a noticeable decrease in IV. Additionally, there has been a significant increase in large-scale options transactions, with 40% of daily trading volume now coming from these large trades. In the current options market, Bitcoin's dominance has returned to levels seen in 2021, which is directly related to the weakness of Ethereum. As a result, market indicators now primarily focus on Bitcoin data.