Greeks.Live: There is a large number of sellers in the options market who are starting to exit with recognized losses, causing spreads to widen gradually

Researcher Adam from Greeks.Live tweeted that nearly 100 large transactions were made in a single day, with over 9,000 long call options and over 6,000 long put options, totaling a notional value of over $1.1 billion.

There are many sellers in the options market who are willing to take losses and exit positions. The spread is gradually widening. If Bitcoin breaks through $70,000, it is likely to trigger a surge in implied volatility (IV). The options market indicates that derivatives have entered an extremely FOMO-driven market.