Greeks.live: Market enters correction phase, block put option trading volume accounts for one-third

According to an analysis released by Adam, a macro researcher at Greeks.live, the current crypto market has entered a correction phase. Options data shows that block put options now account for one-third of trading volume. The implied volatility (IV) across all major tenors has declined slightly compared to the previous two weeks, with no significant increase observed during the recent price rally, and has now fallen back to approximately 35%.