Greeks.live: Currently, BTC’s short-term and medium-term IV is around 45%, and ETH’s short-term and medium-term IV is around 54%.

According to Adam, a macro analyst at Greeks.live, as the current round of gains gradually slowed down, the implied volatility of the major maturities of options has dropped slightly. Currently, BTC's short-term IV is around 45%, and the post-election at-the-money IV is generally below 60%. ETH's short-term IV is around 54%, and the post-election at-the-money IV is around 67%. In terms of block trades, there are many block put option transactions today, accounting for nearly a quarter of the total trading volume, with a total transaction volume of nearly $300 million. Only one contract of BTC-25OCT24-55000-P was traded for $90 million in active purchases, which is obviously a layout for the US election and a protective bearish move. The whales are likely to want to hold spot and use put options to avoid the risk of falling.