Crypto Market Sees Decline In Options Trading Amid Election Cooling

According to Odaily, Greek.live macro researcher Adam recently shared insights on the X platform, highlighting a notable cooling in election-related market activity. Despite strong upward trends in Bitcoin and Ethereum, and an overall optimistic sentiment in the cryptocurrency market, the options market is experiencing significant profit-taking and position closures, marking the end of election-related speculation. Bitcoin's end-of-month options have fallen below 50%, with a noticeable decrease in implied volatility (IV) across major maturities. Ethereum's decline is less pronounced compared to Bitcoin. Today, Bitcoin recorded $1.2 billion in block trades, while Ethereum saw $600 million, predominantly in put options. This trend is a key factor behind the substantial drop in IV today. The recent surge in block trades warrants attention as it could influence market dynamics in the coming days.