Greeks.live: From the overall Options data, it can be seen that a short-term bottom has formed, but the Fluctuation expectations remain high.

On November 26, Adam, a researcher at Greeks.live, posted on social media, “In the third quarter, we observed a clear optimistic attitude in the options market towards the fourth quarter. Even during the late August when Bitcoin prices continued to fall, the fourth quarter options holdings remained bullish. We referred to it as the Q4 market or the Christmas market at that time; however, the big dump on October 11 and the continued decline in November have shattered the previous market structure. In the current market context, the voices calling for a price surge in the fourth quarter have completely disappeared, and a pessimistic atmosphere is spreading. Although this week RV, IV, and 25D Skew have shown a downward trend, the market's panic has not dissipated, and the medium to long-term options data for the end of the year to the next year still points bearish. Due to the approaching monthly delivery, this month's price fluctuations have been significant, leading to a strong demand from whales for position shifting. From the overall data, a short-term bottom has already formed, and the options market's preference for the recent continuous decline has weakened, with greater expectations for short-term fluctuations in the market. However, the market in the last month of this year still remains dangerous, and volatility expectations remain high.”