According to BlockBeats, Greeks.Live researcher Adam reported on social media that over the weekend, the options market saw over $5 million in orders, with almost all of them being bullish call options. Some of these orders were combined with selling out-of-the-money options to form bullish spreads, reducing costs.
On Monday, BTC reached a new high for the year, with a large number of short and medium-term bullish spreads being traded. Currently, the ultra-short-term implied volatility (IV) has approached 80%, indicating a strong bullish market sentiment and entering the FOMO (Fear of Missing Out) stage.