Adam, a macro researcher at Greeks.live, said in a post on the X platform that today is the monthly delivery, and it is clear from the options data that ETH has been weak this month, with a difference of more than 10% between the monthly maximum pain point and the delivery price. This month's medium and long term IV has risen, short and medium term IV has declined, and at present there is little room for the overall decline in IV. From the trading data of previous years, September is generally a slightly flat, weak to strong month, the fourth quarter will be a stronger time for BTC, recently we have seen a lot of giant whales began to layout the October market, expect the last four months of this year will have a good market.