The crypto market is extremely weak, with all coins showing broken trends and most of the altcoin already hitting new lows for months. Looking at options data, despite a significant rise in HV, BTC short-term options IV is below 45% and ETH short-term options IV is below 55%, both at recent lows, and there is no significant growth in Block trading, with Block puts volume accounting for only 5% of the day's trading volume. The giant whale of the options market is not optimistic about the continued decline, and investors who believe that the market is about to experience major volatility may want to take advantage of the low cost of buying short-term options now, which is very cost-effective
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.