Analyst: Options data suggests the current market is more consistent with the characteristics of a mid-bear market rebound.

BlockBeats news, September 29 - Greeks.live analyst Adam stated that the market is currently entering a correction phase, with large block put option trading accounting for one-third of the total volume.

Options data shows that the implied volatility (IV) for major tenors has slightly decreased compared to the previous two weeks. During this rally, IV did not rise significantly and has now fallen back to around 35%.

Adam noted that based on options data, the current market performance aligns more with characteristics of a mid-bear-market rebound. The market has low expectations for future volatility, and if short-term fluctuations occur, the market may tend to sell volatility.