, Greeks.Live researcher Adam posted on the X platform that this bull market is a very typical spot bull market. Even in the current atmosphere of extreme Fomo, the IV of the main term has not even reached a recent high. The level of 60% is a relatively high level in the market in the past year, but compared with the previous bull market to the current stage, the main term IV should have exceeded 90% by then. Although IV appears to be trending lower in the long term, the current Fomo sentiment is still unable to push IV to take off, which is a very good phenomenon for the options market. The Bitcoin options market has matured.