Greeks.live: Bitcoin Nearing Options Transaction Cluster, Upward Pressure May Increase

BlockBeats News, August 31st, Greek.live researcher Adam posted an article stating that the rapid rise has greatly boosted market sentiment. In addition to the rise of mainstream coins such as Bitcoin, various sectors have also shown significant signs of recovery.

However, as the market's upward momentum slows down, the main investors in the options market have significantly lowered their expectations. The short- to medium-term options IV has rapidly declined, with only a 10% increase compared to two weeks ago. The mid- to long-term IV has also dropped significantly, with an increase of less than 2% compared to two weeks ago. Investors have reduced their expectations for future volatility.

At the end of this month, 40% of options will expire, with the $80,000 to $90,000 options being the most concentrated. Additionally, the Bitcoin price is also in a high-volume trading area, and breaking above it will face some pressure.