Greeks.live: The order structure of BTC block options this week is more complicated, or market makers and large investors are adjusting their position structure

Odaily Planet Daily News Greeks.live Macro researcher Adam posted on the X platform that today's largest options block trade is a large transaction of Bitcoin Bear Ratio Diagonal Spread, selling a monthly at-the-money bullish scale of 1024BTC, while buying 512BTC The next month's out-of-the-money bullish, with a nominal face value of $130 million. Traders do not expect short-term volatility to be relatively overvalued, and the price of Bitcoin will not rise significantly before the expiration of the near month. This week, there is a lot of active options block trading, mainly based on mixed position adjustment, and the bulk order structure is relatively complex, which should be adjusted by market makers and large investors. Recently, IV has fallen very rapidly, on the one hand, large investors are taking advantage of the high IV to sell in large quantities, on the other hand, buyers have suddenly weakened their buying efforts, and market makers are also making targeted adjustments.