Greeks.live: The crypto market performed below expectations in October. The upcoming election and interest rate cuts failed to bring much positive news and capital inflows.

BlockBeats news, on October 24, Greeks.live researcher Adam posted on social media that the monthly expiration date in October is approaching. Generally speaking, the trend in October is not as expected. The upcoming election and interest rate cuts have not brought much good news and capital inflows to cryptocurrencies.

The IV of the election week remained at 55%, while the IV of earlier options was significantly reduced due to the shift of positions and the change of months. At the same time, the trading volume of block options has also increased significantly. Now 40% of the daily trading volume comes from block options.

Now BTC's dominance in the options market has returned to the level of 2021, which is directly related to the weakness of ETH. The options market indicators now almost only need to look at BTC data.