Greeks.live researcher: Ethereum drives knockoff gains, greatly boosting market sentiment, FOMO sentiment in options market begins to emerge

BlockBeats News: On July 18th, Adam, a researcher at Greeks.live, posted on social media that ETH has taken over the bull market in the current market, breaking through $3650 all the way, while Bitcoin has been fluctuating around a historical high of $120000, and market sentiment has turned significantly optimistic. ETH has driven the recovery of the entire altcoin market, and the monotonous upward trend without any correction has greatly encouraged market participants. This week, there were nearly $6 billion in option deliveries, accounting for over 10% of the current total holdings. From the main option data, in terms of implied volatility, BTC's IV has rebounded slightly, with the main term IV maintaining at 40%, while ETH's IV has risen significantly, with the main term reaching as high as 70%. However, ETH has significant upside and downside potential, and the seller has not yet reached the entry time. There have been a lot of bulk bullish trades in the past two weeks, with over 30% of transactions being Bitcoin bulk bullish on most days. The options market is beginning to show some Fomo sentiment, and institutional investors are also starting to lose their composure.