Greeks.live: Overall options data indicates a short-term bottom has formed, but volatility expectations remain high.

According to ChainCatcher, Greeks.live researcher Adam posted on social media, stating, "In the third quarter, we observed that the options market was clearly optimistic about the fourth quarter. Even in late August, when the price of bitcoin continued to decline, the fourth quarter options positions remained bullish. At that time, we called it the Q4 rally or Christmas rally. However, the sharp drop on October 11 and the continued decline in November have already shattered the previous market structure. In the current market environment, voices expecting new price highs in the fourth quarter have completely disappeared, and pessimism is spreading.

Although this week RV, IV, and 25D Skew have all shown a downward trend, market panic has not subsided, and options data for the end of the year to the medium and long term next year still point to bearishness. Due to the approaching monthly settlement and significant price fluctuations this month, whales have a strong demand for rolling over their positions.

From the overall data, a short-term bottom has already formed, and the options market's preference for continued short-term declines has weakened, with greater expectations for short-term volatility. However, the market in the last month of this year remains dangerous, and volatility expectations are still high."