Odaily News Adam, a macro researcher at Greeks, posted on the X platform that the current ETH doomsday IV has exceeded 80%, significantly higher than the recent average level (60%). From the distribution of transactions, active buying of calls accounted for nearly half of the day's trading volume, and Skew was slightly bullish. Today's options market is mainly dominated by bulls, and the bullish force is strong. But at the same time, it can be seen that when the BTC ETF was listed, it fell due to a large amount of selling, so today's bullish force is weaker than when the BTC ETF was listed. Another interesting thing is that today's block trades are mostly concentrated in BTC, with more than 5,000 forward deep out-of-the-money call options traded, while ETH is concentrated on the market, and market makers are actively adjusting their positions while the market is active.