Adam, a macro researcher at Greeks.live, posted on the The implied volatility IV of each major term has dropped significantly. Currently, BTC Dvol has fallen below 50%, and has been lower than the current level only 30% of the time in the past year. Looking at options data, RV has dropped from 100% of the high on August 9 to the current 40%, and the actual volatility level of BTC has dropped sharply, which is also an important factor driving the decline of IV. In terms of large-volume transactions, large-volume call option bargain hunting began to appear one after another today. The term multiple selections are at the end of September and the end of October. Whale users began to make long positions.