Greeks.live: Ethereum has seen a significant rebound today, which may be related to Vitalik's participation in the Hong Kong blockchain event

Adam, a macro analyst at Greeks.live, posted on the X platform that Ethereum has seen a significant rebound today, which may be related to Vitalik Buterin's participation in the Hong Kong blockchain event. In contrast, Bitcoin has entered a correction phase. The options market expectations are relatively consistent with the price trend. Today's Bitcoin options are mainly short-selling while Ethereum is primarily buying short-term bullish ones. Both are mainly traded in spread combinations, indicating that there is still uncertainty about future trends and the main term IV has slightly decreased. BTC also shows different signals; just now 350 call options for March next year with an exercise price of 200k were traded, and only the premium was worth $2.5 million USD. Currently whales have already hoarded nearly 30k call options above $100k USD across all terms.