Greeks.live: As the quarter-end delivery approaches, cryptocurrency options market makers are betting that the short-term market will continue to consolidate sideways

Macro analyst Adam from Greeks.live stated that the cryptocurrency market trading was relatively flat this week, with the total volume of options delivery dropping by nearly half. The short-term implied volatility significantly decreased, with the medium and short-term volatility of Bitcoin falling below 50%, and ETH's medium and short-term volatility returning to around 60%.

Cryptocurrency is currently in a state of free oscillation, with investor sentiment tending towards dullness. As we approach quarterly delivery, large investors generally adopt a robust strategy. Option market makers have increased their selling intensity again, tightening implied volatility and betting that the short-term market will continue to consolidate sideways.