Ethereum drives altcoins up, greatly boosting market sentiment; FOMO sentiment in the options market begins to emerge.

On July 18, researcher Adam from Greeks.ive posted on social media stating that under the current market conditions, ETH is taking the lead in the bull market, breaking through $3650, while Bitcoin remains in a historical high fluctuation around $120,000, and market sentiment has significantly turned optimistic. ETH is revitalizing the entire altcoin market, and the monotonous upward trend without any pullbacks has greatly encouraged market participants.

This week, there are nearly $6 billion in options expiring, accounting for more than 10% of the current total open interest. From the main options data, regarding implied volatility, BTC's implied volatility has slightly rebounded, maintaining around 40% for the main term, while ETH's implied volatility has significantly increased, reaching as high as 70%. However, the space for ETH to rise or fall is still relatively large, and sellers have not yet found the right time to enter. In the past two weeks, there has been a significant amount of large bullish trades, and most days have seen over 30% of the trading volume in large bullish Bitcoin trades. The options market is beginning to show some FOMO sentiment, and institutional investors are also starting to get anxious.

No one will bring fans to explode, nor will they blindly open positions.

It's all about seeking victory steadily, making steady progress, so those who want to profit quickly get on board!

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