According to BlockBeats, Greeks.live researcher Adam said that the quarterly delivery is coming this Friday, and the IV of each major term has dropped significantly. Currently, BTC option positions account for 33% of the total positions this quarter, and ETH accounts for 38%, which is a relatively small quarterly delivery.

A large number of large put option transactions have been made recently, and there is a high probability that positions are being transferred. The next quarter covers the US election, which has great uncertainty, but the overall implied volatility is low, and only less than 30% of the time in the past year is lower than the current level.

Whales are planning for the next quarter, and trading is particularly active around the election.