Greeks.live macro researcher Adam posted on the X platform, the pressure level failed many times, and the cryptocurrency entered a correction trend. The implied volatility IV of each major term has dropped significantly. At present, BTC Dvol has fallen below 50%, and only 30% of the time in the past year has been lower than the current level. Looking at the option data, RV has fallen 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. Block trading, today began to appear one after another large call options bottom fishing, the term of choice at the end of September and the end of October, whale users began to layout to do more.