Research: Over $5 million in orders in the Bitcoin options block market last weekend were almost all for buying call options

Adam, a researcher at Greeks.Live, posted on X platform last weekend that "the options market for Bitcoin exceeded $5 million, almost all of which were buying call options, with some selling out-of-the-money options to reduce costs. Returning to Monday, BTC once again hit a new high for the year, with a large number of short- to medium-term bull market spreads trading. Currently, the ultra-short-term IV has approached 80% across the board, and the market sentiment for long positions is strong, already entering the Fomo stage."