Greeks.Live: Option Market Indicates Optimistic Market Sentiment, Bull Market Likely to Continue

BlockBeats News, August 15th, Greek.Live analyst Adam posted on social media, stating, "As BTC hit a new all-time high again and ETH is about to approach its all-time high, the market experienced a somewhat unexpected pullback, with the main trigger being the higher-than-expected PPI. There were not many changes in the options market, with IVs of major expiries showing no significant changes, and Skew's fluctuation was relatively small.

However, the trading volume indicates the market's enthusiasm. Today, Deribit traded $10.9 billion in options, setting a new single-day record of over $10 billion in volume for the first time. The high trading activity indicates that the market remains confident about the future, and the bull market is likely to continue."