Analyst: Options market data shows that institutions have strong expectations for volatility before Christmas
On December 11, Adam, an analyst at Greeks.live, posted on social media that after several days of adjustment, the market has once again reached a position with strong divergence. Currently, BTC is fluctuating below $100,000 and ETH is fluctuating around $3,700. Most altcoins have experienced a decline of more than 20%.
Currently, BTC options account for 80% of the positions and trading volume in the options market and are most indicative. Today's large bullish option transactions accounted for nearly 30%, mainly buying short-term exercise prices of $100k or above. Additionally proactive purchases of protective puts at year-end also accounted for 10% of transaction volume.
The current short-term IV exceeds 60%, which is considered high level; institutions have strong expectations for volatility before Christmas and buying some year-end term options has higher cost-effectiveness.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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