Greeks.live: The market fell sharply in February, but the overall outlook remains optimistic

Odaily News Adam, an analyst at Greeks.live, wrote on the X platform that since February, the market has been in a significant correction. BTC once fell to $91,000, and ETH once fell to $2,100, hitting a new low since 2024. The decline of altcoins was even more severe, with some altcoins falling by 50% in one day. During the most severe period of decline, ETH short-term option IV exceeded 110%, and the main term also rose to more than 70%, and is still maintained at a high level. BTC's short-term option IV rose to 65% because of the relatively mild decline, but as it regained the $100,000 mark, the main term IV fell back to before the crash. The current market differentiation is very obvious. BTC is sought after by both insiders and outsiders of the crypto circle, and the capital support is strong. However, the funds of Altcoin represented by ETH are losing violently, and the prices of most cryptocurrencies have shrunk significantly. The altcoin season that the market expects has not arrived. But it is worth noting that from the options data, we can see that the Skew of BTC and ETH have maintained positive values, and whales have also added a large number of call options during the correction, indicating that the market is still optimistic about the future as a whole.