Greeks.live macro researcher Adam posted an analysis on the X platform, the Federal Reserve's interest rate decision is still three hours out, according to the futures data, 60% probability will be 50 basis points, 40% probability will be 25 basis points. All markets are focused on this. From the cryptocurrency options data, the market divergence is also huge now, with ultra-short options IV as high as 70%, and put options IV significantly higher. In terms of option transaction distribution, BTC58000 put and ETH2200 put transactions are the most intensive. At present, the options market is bearish on the interest meeting as a whole. 25 basis points are less than expected, and 50 basis points indicate that economic indicators have deteriorated.