PANews reported on October 24 that Greeks.live macro analyst Adam posted on the X platform: "The monthly expiration date of October is approaching. Generally speaking, the trend in October is not as expected. The upcoming election and interest rate cuts have not brought much good news and capital inflows to cryptocurrencies. The IV of the election week remained at 55%, while the IV of earlier options was significantly reduced due to the impact of the transfer of positions and the change of months. At the same time, the trading volume of block options has also increased significantly. Now 40% of the daily trading volume comes from block options. Now BTC's dominance in the options market has returned to the level of 2021, which is directly related to the weakness of ETH. The options market indicators now almost only need to look at BTC data."