Data from crypto options tool platform Greeks.live shows that even over the weekend, the bull market atmosphere has not diminished. In particular, ETH's compensatory increase has significantly boosted the option implied volatility IV of ETH's major maturities, which has now reached the highest level during the year.
Large-volume transactions were relatively flat over the weekend, and the volume of Put orders was gradually increasing. Purchasing protective Puts after a bull market has risen is a distinctive feature of historical bull markets.