Greeks.live macro researcher Adam wrote that yesterday's CPI data slightly exceeded expectations, once hitting BTC to $94,000, but with Powell's favorable crypto speech and other factors stimulating, the mainstream coins will appreciate this week's high. The implied volatility (IV) of major term options is currently at a low level in nearly a year, and the volatility index (Dvol) has been lower than the current level only 14% of the time in the past year. The short-term IV is particularly low, and the expiration IV of the current month is only 46%. Options markets have low expectations for volatility in the coming period. The main reason for this phenomenon is the recent weakening of bullish power, with large bulls continuing to be sold by giant whales. Since the end of delivery last month, Skew has been in a continuous downward trend and is now oscillating around the zero axis. Now is the time for the market to digest the trash of Trade Trump, and following the giant whale to sell options looks like a better option.