April 18 Crypto Option Volatility Research Report

Short-term downward momentum continues, players with high leverage should unload leverage

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I. Core Views

1-ETH bearish funds continue to increase, short-term downward pressure > BTC

2-Halving market RV volatility continues to increase, non-copycat targets have low implied volatility, and naked short volatility is not cost-effective

3-Our long-term copycat targets#Tonand#Kashave strong anti-fall ability, and subsequent rebounds are imminent, so we need to plan bullish strategies in advance

II. Block Trades

BTC has a 1,800 position transaction that is very worthy of attention (if you don’t understand, you can ask questions on the planet):

sell BTC-27SEP24-90000-C + buy BTC-31MAY24-80000-C

ETH There is nothing particularly noteworthy about the bulk of Sol at the end of May. Sol's bulk position is more than 3,000 pieces [already prompted in the planet]

3. Other cottages

The overall market has fallen recently. We must pay attention to the targets that are more resistant to declines. The main control action is obvious. In fact, as long as the market stabilizes in the future, it is not surprising that#TONCOIN#kaspa will go out of the big market. Here, it is recommended to short volatility as much as possible to receive goods

Don't rush to buy on the Call side. You can wait for the market. The most suitable tool for cottages to chase up is options

4. Macro capital market

Yesterday, the long-term US bonds rebounded. The US stock market has continued to fall recently. Our selected "gorilla targets" have also been tested recently. Patient and slow layout is the preferred strategy.

Observing the recent exchange rate, except for the RMB, other non-US currencies have fallen sharply in the past two days. The yen has even depreciated to a 20-year low, while the RMB is obviously strong this time. On the one hand, it shows that we have effective control, and on the other hand, the stability of North Water also shows that the current RMB assets have a strong relative price advantage. The exchange rate point, as described in the article "Current Major Asset Allocation" last year, has not changed.

Is it normal for the A-share market's micro-cap index to fall 10% and then rise 10% in the past two days? Is this investment ecology normal? The result is obvious, it is not normal. It is very similar to the mosaic market, which is a pure speculation copycat target without much value support.Everyone is too emotional, or too easily influenced by some non-core news, and the short-term game logic is too strong.