Adam, a researcher at Greeks.Live, posted on platform X saying: "After Bitcoin successfully hit a new historical high, it turned to plummet by 10,000 points and once fell below $60,000. The derivative data represented by the futures basis completely went out, and the bull market Fomo sentiment collapsed at its peak. In terms of options, under the backdrop of a 10k point plunge, the IVs of major term options have slightly decreased instead; ultra-short-term options are all decreasing which is significantly different from previous trends."