BlockBeats News, September 4th, Macro Researcher Adam from Greeks.live tweeted, "The market is clearly in a downtrend, with BTC's short-to-medium-term IV rising to 40% and ETH's short-term IV rising to 70%. The increase in short-term IV represents the market's anticipation of higher volatility this week. The decline in crypto-related stocks in the US stock market, especially the MicroStrategy series of stocks, is the trigger for this downturn. September has historically been a month of weak funding flows, but funding will be more abundant in the last quarter. The trading volume of put options today is also rapidly increasing, with a total transaction volume of $1.17 billion, accounting for 30% of the total daily trading volume, indicating a defensive mindset prevailing."