Greek.live macro researcher Adam posted an analysis on the X platform, saying that the election market cooled rapidly, although bitcoin and ethereum rallied very strong, the crypto market is optimistic, but the options market is clearly profit position squaring, the end of the election game. BTC doomsday options have fallen below 50%, the main period IV has also dropped significantly, ETH fell lower than BTC. Today's BTC block trade transaction 1.20 billion, ETH block trade transaction 600 million, are mainly based on sell rights, which is also the main driving force for today's IV drop, block trade in recent days is worth paying attention to.