After several days of continuous decline, the implied volatility (IV) of major futures contracts has also reached the highest level in nearly a year. The price of short- to medium-term bearish put options has significantly increased.

BTC continues to decline, and market sentiment is relatively low. However, there are different signals in the options market, and large investors are gradually becoming optimistic about the market.

The trading activity of Bitcoin is now significantly affected by the trading hours of the US stock market. Currently, the trend is weak, and the IV is still in a relatively high range, with the profit and loss ratio for selling options beginning to rise.