BlockBeats news, on November 26, researcher Adam from Greeks.live posted on social media, "In the third quarter, we observed that the options market was clearly optimistic about the fourth quarter. Even during the continuous fall of Bitcoin prices in late August, the Q4 options holdings remained bullish. We referred to it at the time as the Q4 market or Christmas market; however, the big dump on 1011 and the continued decline in November have shattered the previous market structure. In the current market context, the voices calling for a price surge to new highs in the fourth quarter have completely disappeared, and a pessimistic atmosphere is spreading. Although this week RV, IV, and 25D Skew have shown a downward trend, the market's panic has not dissipated, and the mid to long-term options data from the end of this year to next year still points to bearishness. Due to the approach of monthly delivery, there have been significant price fluctuations this month, leading to a strong demand from whales for position shifting. From an overall data perspective, a short-term bottom has already formed, and the options market's preference for the recent continuous decline has weakened, with a higher expectation for short-term market fluctuations. However, the market situation in the last month of this year remains dangerous, and volatility expectations are still high.
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